Use the information provided below to answer the following question (same for set of 3 questions). On January 2, 20X6, Kansas Corporation acquired equipment for $140,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $40,000. If Kansas Corporation uses the straight line method of depreciation, what will be the debit to Depreciation Expense for the year ended December 31, 20X7, during which period the asset was used 4, 500 hours