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Equipment, January 1 ?? Equipment, December 31 $12,866 Purchases of equipment $8,077 Cost of equipment sold $4,337 Depreciation expense $1,914 What was the balance of

Equipment, January 1 ??
Equipment, December 31 $12,866
Purchases of equipment $8,077
Cost of equipment sold $4,337
Depreciation expense $1,914

What was the balance of the Equipment account on January 1, 2019?

A: $11,040 B: $16,008 C: $23,212 D: $33,657 E: $48,802 F: $70,763

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