As part of the initial Investment, Ray Blake contributes equipment that had originally cost $109,600 and on which accumulated depreciation of $82,200 has been recorded. If similar equipment would cost $142,100 to replace and the partners agree on a valuation of $35,900 for the contributed equipment, what amount should be debited to the equipment account? Oa. $35.900 Ob. $109,600 Oc. $26,925 Od. $142,100