The following information is for X Company for 2019: Equipment, January 1 Equipment, December 31 Purchases of equipment Cost of equipment sold Depreciation expense $18,579 $9,234 $3,636 $1,629 What was the balance of the Equipment account on January 1, 2019? E: $14,610F: $18,262 A: $5,984|B: $7,480|C: $9,350D: $11,688 Submit Answer Tries 0/99