On December 31, 2021, Reico sells an asset that originally cost $450,000 for $90,000. The company recognized a gain on disposal of $25,000. What was the balance of the accumulated depreciation account before the current year's depreciation of $15,000 was recorded?

Multiple Choice

• $ 50,000

• $ 80,000

• $320,000

• $350,000

• $370,000