Equipment was purchased for $88300 on January 1, 2021. Freight charges amounted to $3600 and there was a cost of $12000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $19000 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? $14540. $33960. $28460. $16980