Knowledge Check

The equipment and the accumulated depreciation accounts began the year with balances of $$58,500$ and $$17,700,$ respectively. During the year, $$22,500$ of equipment was budgeted for purchase for cash, equipment costing $$6,800$ with accumulated depreciation of $$4,100$ was expected to be sold for $$3,100,$ and budgeted depreciation expense was $$2,600.$ How much is reported on the budgeted balance sheet for equipment and accumulated depreciation?

Equipment

$

Accumulated depreciation

$