On January 1, 2022, Frame Industries purchased a delivery vehicle costing $26,650. The vehicle has an estimated 7-year life and a $2,500 residual value. Frame uses the units-of-production depreciation method and Frame estimates that the vehicle will be driven 105,000 miles. What is the vehicle's book value as of December 31, 2023, assuming the vehicle was driven 10,500 miles during 2022 and driven 18,500 miles during 2023? Note: Do not round your intermediate calculations.