On June 1, 2020, Planet Link Inc. purchased a new piece of equipment that cost $45,000. The estimated useful life is eight years, and estimated residual value is $1,500. Assume Planet Link purchased the equipment on June 1, 2020. If Planet Link uses the straight-line method for depreciation, what is the depreciation expense for the year ended December 31, 2020? (Round your answer to the nearest whole dollar.) A. $5,438 O B. $3,281 C. $1,813 D. $3,172