On January 2, 2023, Konrad Corporation acquired equipment for $503,000. The estimated life of the equipment is 5 years or 26,000 hours. The estimated residual value is $13,000. If Konrad Corporation uses the units of production method of depreciation, what is the book value on December 31, 2024, assuming that the equipment was used 4,700 hours in 2023 and 2,100 hours in 2024? (Round intermediary calculations to the nearest cent and your final answer to the nearest dollar.) OA. $374,820 B. $128,180 C. $39,585 D. $88,595