n asset was purchased for $131,000 on January 1, Year 1 and originally estimated to have a useful life of 10 years with a residual value of $14,000. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,400. Calculate the third-year depreciation expense using the revised amounts and straight-line method. Round your answer to the nearest dollar.

a.$25,300

b.$27,300

c.$26,300

d.$26,800