The price of a corporate car purchased by Wright & Company was $33,500. Its salvage value after operating for 120,000 miles is $3,500. Using the units-of-production method, given the annual usage information, calculate the annual depreciation for year 5. (Round all dollar amounts to the nearest cent.)

YEAR/ MILES

1/ 23,026

2 /27,683

3/22,509

4/28,200

5/27,942

a.$2,885.45

b.$4,645.50

c.$6,985.50

d.$8,145.50