The equipment and the accumulated depreciation accounts began the year with balances of $45,000 and $16,100, respectively. During the year, $20,000 of equipment was budgeted for purchase for cash, equipment costing $6,400 with accumulated depreciation of $4,300 was expected to be sold for $2,900, and budgeted depreciation expense was $2,800. How much is reported on the budgeted balance sheet for equipment and accumulated depreciation? Equipment Accumulated depreciation