At December 31, the balances were $1,801,400 and $724,300, respectively. Depreciation Expense for the year was $450,700. During the year used…

At December 31, the balances were $1,801,400 and $724,300, respectively. Depreciation Expense for the year was $450,700. During the year used equipment with a book value of $40,400 was sold. What amount of equipment was acquired during the year?