Santayana Company purchased a machine on January 1,2019, for $60000 with an estimated salvage value of $15000 and an estimated useful life of 8 years. On January 1, 2021, Santayana decides the machine will iast 12 years from the date of purchase. The salvage value is still estimated at $15000. Using the straight-line method, the new annual depreciation will be $3375$3750$4500$5000