On June $30,$ Year $1,$ Melon Corp. purchased a printer for $$59,000.$ It expects the printer to last for four years and have a residual value of $$8000.$ Compute the depreciation expense on the printer for the year ended December $31,$ Year $1,$ using the straight$-$line method.

$$7438$

$$14,750$

$$12,750$

$$6375$