Equipment with a cost of $162,270 has an estimated residual value of $9,392 and an estimated life of 4 years or 13,004 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 3,658 hours?

a.$38,219.50

b.$4.00

c.$41.79

d.$43,004.29