Carla Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $5,024,000 on January 1, 2017. Carla expected to complete the building by December 31, 2017. Carla has the following debt obligations outstanding during the construction period.

Construction loan-12% interest, payable semiannually, issued December 31, 2016 $1,990,600

Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30, 2018 1,603,500

Long-term loan-11% interest, payable on January 1 of each year. Principal payable on January 1, 2021 990,300

Compute the depreciation expense for the year ended December 31, 2018. Carla elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $302,800. (I computed [$5,167,700-$302,800]/30 and got 162,163 but answer was still incorrect).