A storage company bought a truck for $26,000 on April 1st, 2020. The company estimates that the truck has 4 years of useful life with a residual value of $6,000. The company uses the straight-line deprecation method. What is the amount of depreciation that the company should record on its income statement on December 31, 2022? Assume the company uses a yearly cycle.

Group of answer choices

$13,750

$5,000

$416.67

The correct amount is not listed.

$6,500

$3,750