The following information is available for buckeye company: january 1, 2003 december 31, 2003cash $25,000 $30,000land 40,000 42,000notes payable 29,000 45,000retained earnings 33,000 52,000accumulated depreciation 4,000 7,000supplies 8,000 10,000accounts payable 16,000 17,000equipment 20,000 ? accounts receivable 11,000 26,000contributed capital 40,000 40,000inventory 18,000 24,000during 2003, buckeye company reported sales revenue of $98,000, salaries expense of $22,000, rent expense of $17,000, and cost of goods sold. additionally, buckeye company paid $9,000 of dividends during 2003. (note - the amount of cost of goods sold has been intentionally omitted from this problem).calculate the amount of equipment reported in buckeye company's balance sheet at december 31, 2003