Alexander Company had the following excerpt from its financial records: 12/31/2021 12/31/2020 Equipment $946,000 $871,000 Accumulated Depreciation 630,000 586,000 Book Value $316,000 $285,000 The following information is taken from Alexander Company's records: 1. Equipment was purchased during 2021 for $144,000 cash. 2. A gain on sale of equipment of $18,000 was recorded during 2021. 3. Equipment was sold during 2021 for $22,000. Required: Compute the amount of depreciation expense for 2021. Depreciation expense for 2021: $