On October $1,2021,$ Sheffield Company places a new asset into service. The cost of the asset is $$121000$ with an estimated $5-$year life and $$39000$ salvage value at the end of its useful life. What is the depreciation expense for $2021$ if Sheffield Company uses the straight$-$line method of depreciation?

$$6050$

$$24200$

$$12100$

$$4100$