A company purchased a delivery van for $27,700 with a salvage value of $3,100 on September 1, Year 1. It has an estimated useful life of 6 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1? (Do not round intermediate calculations. Round your final answer to whole dollar amount.)
a) $4,617.
b) $1,539.
c) $4,100.
d) $1,367.
e) $1,025.