Vitalab Manufacturing purchased a building, property, and some equipment from Metals & Tools Inc. for $450,000 cash. Vitalab then had the items appraised for $200,000, $220,000, and $80,000 respectively. The equipment was listed on Metals & Tools balance sheet for $75,000. How much should the equipment be recorded at on Vitalab's balance sheet? Select one: O a. $67,500 b. $80,000 c. $72,000 d. $75,000