32 Mather Company purchased equipment on January 1, 2019 at a total invoice cost of $560,000; additional costs of $10,000 for freight and $50.000 for installation were incurred. The equipment has an estimated residual value of $20.000 and an estimated useful life of five years. The amount of accumulated depreciation at December 31, 2020 if the straight-line method of depreciation is used is: 1. $124,000. 2. $240,000. 3. $216.000 4. None 5. $220,000