On January 1, 2020, Hockey Unlimited Inc. purchased 2,500 of the 10,000 outstanding common shares of Goal Corporation for $14,000 cash obtaining significant influence of the company. Hockey Unlimited intends to hold the securities indefinitely. On January 1, 2020, the balance sheet of Goal Corporation reflected depreciable assets with a net book value of $30,000, and a 10-year remaining useful life. The fair value of the depreciable assets is $33,000 on January 1, 2020. Record the adjusting entry for depreciation expense on December 31, 2020, using the straight-line depreciation method.