L Question 17 Augustin Company entered in the following transactions during 2020. The company was started when it received $19,000 cash from the owners who purchased stock. The company purchased equipment on January 1 that cost $10,000 cash. The equipment had a three-year useful life and a $1,000 salvage value. Augustin Company uses straight-line depreciation. Services provided for cash were $7.000. $1,600 of supplies was purchased on account. Services provided on account were $9,500. On November 1, the company paid cash of $3,600 in advance for six months rent, beginning immediately. Cash collections of accounts receivable amounted to $3,500. $500 of the accounts payable was paid. Supplies on hand as of December 31 amounted to $600. A $300 cash dividend was declared and paid to the owners. The book value amount of the equipment on the December 31, 2020 balance sheet would be: O a $6,667 (rounded) Ob. $10,000 Oc$6,000 Od. $7,000 Oe. $0