An asset was purchased for $138,000 on January 1, Year 1 and originally estimated to have a useful life of 11 years with a residual value of $13,000. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $3,000. Compute the third-year depreciation expense using the revised amounts and straight-line method. Round your answer to the nearest dollar.

a. $28,068

b. $29,068

c. $28,568

d. $27,068