On its December 31 prior year balance sheet, Calgary Industries reports equipment of $530,000 and accumulated depreciati

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On its December 31 prior year balance sheet, Calgary Industriesreports equipment of $530,000 and accumulated depreciation of$90,000. During the current year, the company plans to purchaseadditional equipment costing $96,000 and expects depreciationexpense of $46,000. Additionally, it plans to dispose of equipmentthat originally cost $58,000 and had accumulated depreciation of$7,200. The balances for equipment and accumulated depreciation,respectively, on its December 31 current year budgeted balancesheet are:
Multiple Choice
$472,000; $90,000.
$626,000; $128,800.
$626,000; $136,000.
$568,000; $136,000.
$568,000; $128,800.