The following information is for X Company for 2019: ?? Equipment, January 1 Equipment, December 31 Purchases of equipment Cost of equipment sold Depreciation expense $16,394 $8,233 $3,979 $1,280 What was the balance of the Equipment account on January 1, 2019? C: $20,969 D: $26,211 E: $32,764F: $40,955 A: $13,420 Submit Answer B: $16,775 Tries 0/99