Fsum Express owns a fleet of delivery vehicles. They were purchased for $240 000 and are expected to have a useful life of 4 years. Their residual value is expected to be $20 000. What is the depreciation expense recorded using the sum-of-digits depreciation method in year 2 (rounded to the nearest dollar)?

		$88,000
		$66,000
		$110,000
		$55,000