On June 30, 2016, Colora Printers purchased a printer for $56,000. It expects the printer to last for four years and have a residual value of $11,000. Compute the depreciation expense on the printer for the year ended December 31, 2016, using the straight-line method. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $6,563 O B. $5,625 OC. $14,000 OD, $11,250