Oriole Corporation purchased factory equipment that was installed and put into service on January 2, 2022, at a total cost of $65000. Residual value was estimated at $4700. The equipment is being depreciated over 5 years using the double-declining-balance method. For the calendar year 2023, Oriole should record depreciation expense on this equipment of $12060. $60300. $15600. $26000.