H&K Co. purchased equipment that was installed and ready for use on January 2, 2025 at a total cost of $218,000. The salvage value was estimated at $21,800. The machinery is depreciated over four years using the straight-line method. On January 3, 2027, the machine was sold for $116,500. (a) What is the book value of the equipment at 12/31/2026? Book value $ eTextbook and Media List of Accounts (b) Save for Later Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above.