As part of the initial investment, Ray Blake contributes equipment that had originally cost $98,100 and on which accumulated depreciation of $73,575 has been recorded. If similar equipment would cost $148,100 to replace and the partners agree on a valuation of $43,800 for the contributed equipment, what amount should be debited to the equipment account? Oa. $32,850 Ob. $98,100 c. $148,100 Od. $43,800