On July 1, 2020, Sheridan Corporation purchased factory equipment for $297000. Salvage value was estimated to be $8100. The equipment will be depreciated over five years using the double-declining balance method. Counting the year of acquisition as one-half year, Sheridan should record depreciation expense for 2021 on this equipment of

$95040.

$71280.

$118800.

$61020.