Windsor, Inc-purchased equipment on January 1,2021 for $99,000. It is estimated that the equipment will have a $5.500 salvage value at the end of its 5 -year useful life. It is also estimated that the equipment will produce 110,000 units over its 5 -vear life. Answer the following independent questions. If 16,000 units of product are produced in 2021 and 24,000 units are produced in 2022 , what is the book value of the equipment at December 31. 2022? The company uses the units-of-activity depreciation method. Book value at December 31,2022