On January 1, 2018, Harlow Company paid $156,000 to purchase a piece of equipment. Before the equipment could be used, Harlow had to spend $6,000 to put the equipment in working order. The equipment was assigned a useful life of 12 years and a salvage value of $9,000. The straight-line method will be used to record depreciation on the equipment. On January 1, 2025, Harlow Company decided the life of the equipment should be revised from 12 to 15 years with a salvage value of $5,150 at the end of the 15 years. Calculate the book value of the equipment at December 31, 2026.