2019 2020 2019 2020

Cash		$2,800	$4,700		Accounts payable		$4,800	$5,900
Accounts receivable		$2,500	$2,900		Utilities payable		$2,000	$2,300
Inventory		$5,600	$8,100		Salaries payable		$200	$1,900
Prepaid insurance		$1,500	$2,000		Notes payable		$29,000	$29,000
Equipment		$45,000	$45,000		Interest payable		$1,900	$2,600
Accum. depreciation		($15,500)	($16,200)		Common stock		$12,000	$13,000
Land		$16,000	$15,000		Retained earnings		$8,000	$6,800
		$57,900	$61,500				$57,900	$61,500

How much was depreciation expense in 2020?

A. $0

B. $500

C. $700

D. $900

E. None of the above