Mayer Instrumentation sold a depreciable asset for cash of $500,000. The original cost of the asset was $1,600,000. Mayer recognized a gain of $63,000 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale?

	$1,226,000.
	$1,537,000.
	$1,163,000.
	$437,000.