A machine with a five-year estimated useful life and an estimated 10% salvage value was acquired on April 30 of the current year for $56,000. On December 31 of the next year, what is the balance of accumulated depreciation on this asset, assuming the use of sum-of-the-years-digits depreciation method?

Carry all decimals in calculations; round the final answer to the nearest dollar.

Accumulated depreciation on December 31 $____