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Sheridan Company purchased equipment on January 1, 2018 at a total invoice cost of $343000; additional costs of $6000 for freight and $28000 for installation

Sheridan Company purchased equipment on January 1, 2018 at a total invoice cost of $343000; additional costs of $6000 for freight and $28000 for installation were incurred. The equipment has an estimated salvage value of $12000 and an estimated useful life of five years. The amount of accumulated depreciation at December 31, 2019 if the straight-line method of depreciation is used is:

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