On its December 31 prior year balance sheet, Calgary Industries reports equipment of $460,000 and accumulated depreciation of $83,000. During the current year, the company plans to purchase additional equipment costing $89,000 and expects depreciation expense of $39,000. Additionally, it plans to dispose of equipment that originally cost $51,000 and had accumulated depreciation of $6,500. The balances for equipment and accumulated depreciation, respectively, on its December 31 current year budgeted balance sheet are: Multiple Choice $409,000; $83,000. $549,000; $115,500. $549,000; $122,000. $498,000; $122,000. $498,000; $115,500