The following information is available on a depreciable asset owned by First Bank & Trust:

Purchase date	October 1, Year 1
Purchase price	$90,500
Salvage value	$11,300
Useful life	9 years
Depreciation method	straight-line

The asset's book value is $72,900 on October 1, Year 3. On that date, management determines that the asset's salvage value should be $6,300 rather than the original estimate of $11,300. Based on this information, the amount of depreciation expense the company should recognize during the last three months of Year 3 would be:

	$2,603.57
	$2,378.57
	$1,975.00
	$2,668.75
	$2,311.61