On January 1, 2016, Friedman Company purchased a truck that cost $33,000. The truck had an expected useful life of 8 years and an $7,000 salvage value. The book value of the truck at the end of 2016, assuming that Friedman uses the double declining balance method, is(Do not round intermediate calculations.):

$17,750.

$24,750.

$26,500.

$19,500.