On July 1, 2019, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300, non-refundable taxes $6,400, and installation $500. Estimated residual value is $2,000. The company uses a straight-line rate of 10%. Bronson's fiscal year end is June 30. Accumulated depreciation at the fiscal year end of 2022 is:

1) $17,400.

2) $17,700.

3) $17,790.

4) $18,390.