The following information was taken from Paton, Inc.s balance sheets:

	12/31/2013	12/31/2014
Equipment	???	$271,200
Accumulated Depreciation	$133,600	87,800

Depreciation expense for 2014 and 2013 totaled $32,900 and $35,500, respectively. In addition, the notes to the financial statements stated that, during 2014, equipment was bought for $178,400 and other equipment was sold for a price of $71,900 which was $3,900 less than its book value. The December 31, 2013 balance in Equipment was

a. $239,500

b. $295,200

c. $249,900

d. $247,300

e. None of the above.