On its December $31$ prior year balance sheet, Calgary Industries reports equipment of $$370,000$ and accumulated depreciation of $$74,000.$ During the current year, the company plans to purchase additional equipment costing $$80,000$ and expects depreciation expense of $$30,000.$ Additionally, it plans to dispose of equipment that originally cost $$42,000$ and had accumulated depreciation of $$5,600.$ The balances for equipment and accumulated depreciation, respectively, on its December $31$ current year budgeted balance sheet are:

Multiple Choice

$$328,000$; $$74,000.$

$$450,000$; $$98,400.$

$$450,000$; $$104,000.$

$$408,000$; $$104,000.$

$$408,000$; $$98,400.$