On July 1, 2020, Elite Company sells a delivery truck for $8,000 cash. The delivery truck originally cost $25,000 and as of January 1, 2020, had accumulated depreciation of $16,000. Depreciation for the first six months of 2020 is $2,000. Answer the following questions based on the given information: What is the accumulated depreciation of the delivery truck as of July 1, 2020?* O $18,000 O $25,000 O $2,000 $16,000