Equipment with a cost of $151,144 has an estimated residual value of $8,591 and an estimated life of 5 years or 14,300 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,528 hours?

a. $28,510.60

b. $35,169.72

c. $5.00

d. $40.41