At 1 June 2009 the cost of Ramons machinery was $189,751 and the accumulated depreciation balance was $64,008. During the year to 31 May 2010, he acquired new machinery at a cost of $27,500 and sold a machine which had cost $15,000 for $5,600. The accumulated depreciation on this machine at the date of disposal was $9,100. The depreciation charge on machinery for the year to 31 May 2010 was $23,200. What value should be reported in Ramons statement