Bonita Company purchased equipment on January $1,2020$ at a total invoice cost of $$344000$; additional costs of $$7000$ for freight and

$$33000$ for installation were incurred. The equipment has an estimated salvage value of $$12000$ and an estimated useful life of five

years. The amount of accumulated depreciation at December $31,2021$ if the straight$-$line method of depreciation is used is:

$$153600.$

$$135600.$

$$148800.$

$$132800.$