Dobson Company expects to begin operating on January 1. The company’s master budget contained the following operating expense budget.

January

February

March

Salary expense

$ 40,000

$ 36,000

$ 36,000

Sales commissions, 5% of sales

24,000

30,000

28,000

Utilities

2,800

2,800

2,800

Depreciation on store equipment

1,800

1,800

1,800

Rent

7,200

7,200

7,200

Miscellaneous

1,800

1,800

1,8900

Total operating expenses

$ 77,600

$ 79,600

$ 77,600

Sales commissions are paid in cash in the month following the month in which the expense is recognized. All other expense items requiring cash payment are paid in the month in which they are recognized. The amount of accumulated depreciation appearing on the company's March 31 pro forma balance sheet is: