Song Company Purchased a Depreciable Asset for $350,000 on April

Song Company purchased a depreciable asset for $350,000 on April 1, 2012. The estimated salvage value is $35,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation. What is the balance in accumulated depreciation on May 1, 2015 when the asset is sold?

A) $126,000
B) $147,000
C) $173,250
D) $194,250