On January 1, 2019, Dixon Corporation purchased equipment for $1,500,000. Dixon originally adopted the double-declining balance method of depreciation for this equipment and had been recording depreciation over an estimated useful life of ten years, with residual value of $50,000. At the beginning of 2022, a decision was made to change to the straight-line method of depreciation for the equipment with an updated salvage value of $28,000 with one extra year of life. The depreciation expense for 2022 would be (rounded to the nearest dollar)?