As of December 31, 2016, the Balance Sheet of Pokagon Products, Inc. contains the following items (in random order): Accounts Payable $ 12,000 Land 90,000 Building 250,000 Notes Payable 135,000 Accounts Receivable 30,000 Cash 7,000 Retained Earnings 110,000 Common Stock 188,000 Equipment ? Determine the amount of Equipment. Select one: $ 68,000 $ 42,000 $345,000 $43, 500