On its December 31 prior year balance sheet, Calgary Industries reports equipment of $490,000 and accumulated depreciation of $86,000. During the current year, the company plans to purchase additional equipment costing $92,000 and expects depreciation expense of $42,000. Additionally, it plans to dispose of equipment that originally cost $54,000 and had accumulated depreciation of $6,800. The balances for equipment and accumulated depreciation, respectively, on its December 31 current year budgeted balance