Four Years Ago,Velvet Purses Purchased a Mailing Machine at a Cost

Four years ago,Velvet Purses purchased a mailing machine at a cost of $176,000.This equipment is currently valued at $64,500 on today's balance sheet but could actually be sold for $58,900.This is the only fixed asset the firm owns.Net working capital is $57,200 and long-term debt is $111,300.What is the book value of shareholders' equity?

A) $4,800
B) $7,700
C) $10,400
D) $222,600
E) $233,000