Equipment was purchased for $86000 on January 1, 2021. Freight charges amounted to $3800 and there was a cost of $10200 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15600 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31,2022 , if the straight-line method of depreciation is used? $28800$14400$16880$33760