On the Balance sheet, how to you calculate for Accumulated Depreciation?

Bill Thomas, Oriole & Hills controller, has received all the budgets prepared by the various operating units and is ready to compile the pro-forma financial statements for the first quarter. The companys balance sheet of December 31 is as follows:

Cash		$ 56,400
Accounts Receivable (net)		54,990
Finished Goods Inventory		46,060
Raw Materials Inventory		7,106
Property, Plant & Equipment		282,000
Accumulated Depreciation		(70,500	)
Total Assets		$376,056
Accounts Payable		$ 16,920
Income Tax Payable		70,744
Common Stock		94,000
Retained Earnings		194,392
Total Liabilities & Owners Equity		$376,056

Selected Estimates		Quarter
Budgeted revenue		$1,325,400
Selling and administrative expense		250,416
Interest expense		3,177
Cash		28,929
Cost of Goods Sold		943,168
Accounts receivable (net)		128,310
Direct materials		5,226
Finished goods		55,474
Acounts payable		31,208
Notes payable		38,540

Additional Information:

		Bates & Hill plans to declare and pay dividends totaling $46,060 in January.
		Bates & Hill plans to purchase and pay cash for a piece of land in February at a cost of $67,680.
		Bates & Hill plans to purchase equipment in March at a cost of $56,400.
		Depreciation for manufacturing overhead $28,200 per month and for selling and administrative $9,400 per month.

The company expects a 28% income tax rate, and all quarterly taxes are paid in the first month of the following quarter.