The balance in the equipment account was R100 000 on 01 January 2022 . Equipment, with a cost price of R30 000 and updated accumulated depreciation of R24 000, is planned to be sold during June 2022 for R5 000. New equipment with a cost price of R50 000 will be purchased on 30 June 2022 to replace it. The total depreciation on equipment for 2022 is estimated to be R25 000. How much will the carrying value of equipment be in the pro forma statement of financial position on 31 December 2022 ? A. R95 000 B. R120000 C. R124 000 D. R119000