On January 1, 2019, HBW, Inc. purchased three machines for $400,000 The following information is available concerning the machines that were purchased: Machine A Machine B Machine C Market Value $ 105,000 $189,000 $126,000 Before the property could be used, HBW, Inc. had to spend $9,000 on Machine A, $6,000 on Machine B, and $5,000 on Machine C to get the assets into working order. Assume Machine C was assigned a $5,000 residual value, a ten year life, and was being depreciated using the double-declining balance depreciation method. Calculate the book value of Machine C at December 31, 2022