On January 1, the balance in the Equipment account was $20,518; on December 31, the balance was $15,453. The Income Statement reports Depreciation Expense of $2,096. During the year, $3,008 of equipment was purchased.

What was the cost of the equipment sold during the year?

A: 932.4880

B: 1352.1076

C: 1960.5560

D: 2842.8062

E: 4122.0690

F: 5977