The following information is for X Company for 2019: Equipment, January 1 $12,020 Equipment, December 31 $14,201 Purchases of equipment $7,228 Cost of equipment sold $3,702 Depreciation expense ?? What was depreciation expense in 2019? A: $1,345 B: $1,681 C: $2,102 D: $2,627 E: $3,284 F: $4,105