Remaz Corp. purchased equipment at a cost of $220,000 in January, 2016. As of January 1, 201?, depreciation of $160,000 had been recorded on this asset. Depreciation expense for 201? is $50,000. After the adjustments are recorded and posted at December 31, 2017, what are the balances for Equipment and Accumulated Depreciation? Eguipment Accumulated Depreciation a. $220,000 $210,000 b. $220,000 $0 c. $100,000 $50,000 0. $120,000 $210,000