Saved 5 Required information [The following information applies to the questions displayed below.) The following information was drawn from the year-end balance sheets of Mass Trading Company: Part 3 of 7 Account Title Investment securities Equipment Buildings Land 10 points Year 2 $ 35,600 218,500 849,500 92,000 Year 1 $ 26,300 209,500 944,500 63,000 eBook Additional information regarding transactions occurring during Year 2: Ask Print References 1. Investment securities that had cost $6,420 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $570. 2. Equipment with a cost of $56,500 was purchased. 3. The income statement showed a gain on the sale of equipment of $7,600. On the date of sale, accumulated depreciation on the equipment sold amounted to $8,700. 4. A building that had originally cost $170,000 was demolished. 5. Land that had cost $26,300 was sold for $20,300. c. Determine the cost of the equipment that was sold during Year 2 Cost of the equipment sold