On January 1, the balance in the Equipment account was $19,494; on December 31, the balance was $15,117. The Income Statement reports Depreciation Expense of $1,970. During the year, $5,420 of equipment was sold. What was the cost of the equipment purchased during the year? O A: 3013 B: 3404.6900 C: 3847.2997 D: 4347.4487|| OE: 4912.6170 F: 5551.2572