Simmons Company had the following excerpt from its financial records: 12/31/2020 12/31/2019 Equipment $680,000 $641,000 Accumulated Depreciation 411,000 394,000 Book Value $269,000 $247,000 The following information is taken from Simmons Company's records: 1. Equipment was purchased during 2020 for $114,000 cash. 2. A gain on sale of equipment of $19,000 was recorded during 2020. 3. Equipment was sold during 2020 for $65,000. Required: Compute the amount of depreciation expense for 2020. Depreciation expense for 2020: $0