On January 1, 2033, N9pAo Company purchased a bulldozer for $265,000. In order to be able to use the bulldozer, N9pAo Company had to spend $47,500 to put it into working condition. The bulldozer was assigned a salvage value of $12,500 and a life of ten years Assume the double-declining balance method will be used to depreciate the bulldozer Calculate the book value of the bulldozer at December 31, 2036