A pizza outlet has a delivery truck that was purchased on January 1, 2015 for $50,000. The truck was depreciated using the straight-line method. The residual value expected at the end of its 10-year useful life was $5,000. On June 30, 2020, the truck was sold for $9,250. What was the carrying amount of the truck on the day it was sold?

$16,000

$20,250

$25,250

$24,750