Question 2 Not yet answered Marked out of 1.00 Tweedie Company reported the following in the long-term asset section of its balance sheet. They did not purchase or sell any equipment during the period. Dec. 31, Year 2 Dec 31, Year 1 Equipment, net of depreciation of $120,000 and 100,000, respectively Patent, net of amortization of $31,500 and $27,000, respectively $167,500 $187,500 88,000 92,500 The company uses the straight-line method to depreciate and amortize all of its operating assets. How much depreciation expense did Tweedie record in Year 2? Select one: O a. $120,000 b. $20,000 O c. $100,000