The Bread Basket purchased kitchen equipment on July 1, 2020, for $156000 on account. At that time, the equipment was estimated to have a useful life of 20,000 hours and no residual value. The equipment was used for 1,000 hours in 2020 and 2,500 hours in 2021. The Bread Basket uses the units of production method of depreciation. What is the balance of the accumulated depreciation - equipment account on December 31, 2021 (after all depreciation has been recorded)? Round your response to the nearest dollar.

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