On January 1, 2019, XYZ Company purchased a piece of equipment to be used in its manufacturing operations. The equipment was assigned an $8,000 residual value and is expected to produce a total of 90,000 units over its life. During 2019, the equipment was used to produce 18,000 units. At December 31, 2019, the book value of the equipment was $62,6e0. XYZ Company is depreciating the equipment using the units-of-production depreciation method. Calculate the original cost paid by XYZ Company to purchase the equipment on January 1, 2019. Do not use decimals in your