On January 1, 2016, Wasson Company purchased a delivery vehicle costing $53,950. The vehicle has an estimated 6-year life and a $4,900 residual value. Wasson uses the units-of-production depreciation method and Wasson estimates that the vehicle will be driven 109,000 miles. What is the vehicle's book value as of December 31, 2017 assuming Wasson uses the units-of-production depreciation method and the vehicle was driven 10,900 miles during 2016 and 18,900 miles during 2017? (Do not round your intermediate calculations.) $40,540. $37,600. $32,700. $35,640