Henry Inc. reported the following information on its Balance Sheet for 2019 and 2020:

	12/31/2020	12/31/2019
Equipment	$115,000	$80,000
Less: Accumulated Depreciation	($12,000)	($10,000)
Net Book Value	$103,000	$70,000

In 2020, Henry purchased a new piece of equipment for $47,000 and sold some old equipment. What was the historical cost of the equipment sold?

	$35,000
	$12,000
	$20,000
	$24,000