Simple Simon Inc. had accumulated depreciation of $95,000 at the end of 2020, and at the end of 2019, this figure was $75,000. Earnings before interest and taxes for 2020 were $950,000, and EBIT for 2019 was $875,000. Assuming that no assets were sold in 2020, what was the amount of depreciation expense for 2020? o $55,000 0 $20,000 O $970,000 O $75,000 O $15,000