A company purchased factory equipment on May 1, 2022 for $20000. It is estimated that the equipment will have a $3200 residual value at the end of its 8-year useful life. Using straight-line depreciation, the depreciation expense for the years ended December 31, 2022 and 2023 is $1667 in 2022 and $2500 in 2023. O $2100 in 2022 and $2100 in 2023. O $1400 in 2022 and $2100 in 2023. O none of these