Blanket Corporation sold equipment for cash of $40,000. Accumulated depreciation on the sale date amounted to $33,500 and a loss of $1,790 was recognized on the sale. What was the original cost of the asset?

rev: 06_16_2015_QC_CS-17897

A) $71,710

B) $4,710

C) $73,500

D) $41,790

E) $75,290