Protection Inc. purchased a fireproof safe for $3,650. Delivery costs totaled $132. The salvage value is $922 after 7 years. Using the 125% declining-balance depreciation method, calculate the book value at the end of year 1. (Round the declining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent.) $1,553.27 $2,184.53 $2,701.43 $3,106.53