Gengler Company Acquired Three Pieces of Equipment for $1,600,000

Gengler Company acquired three pieces of equipment for $1,600,000. Equipment #1 is appraised at $740,000, equipment #2 is appraised at $560,000 and equipment #3 is appraised for $720,000. The cost of equipment #1 is: (Do not round any intermediary calculations, and round your final answer to the nearest dollar.)

A) $342,250.
B) $271,089.
C) $586,139.
D) $740,000.