Moe's Trucking purchased a new $30,000 snow-plowing truck at the beginning of 2020. The company put $15,000 down and took out a 5% notes payable for the balance. Over the course of the year, the truck incurred a depreciation expense of $2,200, which was recorded on the income statement. Using the information given, what was the balance of accumulated depreciation on December 31, 2020? O a. $750 O b. $1,500 OC. $2,200 O d. $27,800