On January 1, 2027, Talion Company purchased equipment that cost $235,000. The equipment had an estimated useful life of ten years and a residual value of $6,000. On January 1, 2029, Talion Company spent $56,000 to overhaul the equipment. This capital expenditure resulted in Talion Company changing the life of the equipment from 10 years to 18 years and adjusting the residual value to be $4,000 at the end of the 18 years. Talion Company uses the double-declining balance method to record depreciation on its assets. Calculate the equipment's book value at December 31, 2030