Colleen's Cookies sold a piece of equipment on January 1, 2018. The company originally purchased the equipment 20 years ago for $200,000. Accumulated...

Colleen's Cookies sold a piece of equipment on January 1, 2018. The company originally purchased the equipment 20 years ago for $200,000. Accumulated depreciation on the date of sale was $120,000. The sale resulted in a gain of $5,000.

What was the sales price of the equipment?