On June 30, 2019, Milch, Inc. sold some used equipment for $120,000. The equipment had been purchased several years ago for $260,000. Milch, Inc. properly recorded a $28,000 gain on the sale. The accumulated depreciation on the equipment at the date of sale was: A) $128,000 (B) $136,000 C) $168,000 D) $ 88,000