Use the following information for Questions 15 & 16: During 2018, Deacon Co. sold equipment that had cost $ 187,500 for $98,000. This resulted in a gain of $15,750. The balance in A/D: Equipment was $740,000 on January 1, 2018 and $710,000 on December 31. No other equipment was disposed of during 2018. Depreciation Expense for 2018 was: O $30,000 O $75,250 O $43,750 O $135,250