Required information The following information applies to the questions displayed below) Hoffman, Inc. adjusts its books each month but closes its books at the end of the year. The trial balance at March 31 before adjustments is as follows: Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation: Equipment Unearned Service Revenue Capital Stock Retained Earnings Dividends Service Revenue Earned Salaries Expense Utilities Expense Rent Expense S 10,986 9,688 1,368 3,368 29,480 s 11,76e 6,8 5,500 23,780 1,620 18,790 8,100 45e 1,600- 66,550 66,550 he equipment had an estimated useful life of five years. Compute the book value of the equipment at March 31, after the prop larch adjustment is recorded. Multiple Choice $12,250 $17150 $28,910 $11,760