The following information is for X Company for 2019:

Equipment, January 1	??
Equipment, December 31	$17,589
Purchases of equipment	$8,791
Cost of equipment sold	$4,191
Depreciation expense	$1,311

What was the balance of the Equipment account on January 1, 2019?

A: $14,300

B: $16,159

C: $18,260

D: $20,633

E: $23,316

F: $26,347