Halbur Company reported the following for its recent year of operation:

From the income statement:

Depreciation expense $ 1,250

Loss on sale of equipment 2,750

From the comparative balance sheet:

Beginning balance, equipment $ 13,000

Ending balance, equipment 8,250

Beginning balance, accumulated depreciation 2,250

Ending balance, accumulated depreciation 2,775

No new equipment was purchased during the year. What was the selling price of the equipment?

A. $1,275.

B. $4,025.

C. $1,250.

D. $725.