Frasquita acquired equipment from the manufacturer on 6/30/2013 and gave a noninterest-bearing note in exchange. Frasquita is obligated to pay $566,000 on 4/30/2014 to satisfy the obligation in full. If Frasquita accrued interest of $15,000 on the note in its 2013 year-end financial statements, what amount would it record the equipment on its 6/30/2013 balance sheet?

a)	$541,000
b)	$531,000
c)	$566,000
d)	$516,000