On April 3, 2023, David’s Chocolates purchased a machine for $71,200. It was assumed that the machine would have a five-year life and a $15,200 trade-in value. Early in January 2026, it was determined that the machine would have a seven-year useful life and the trade-in value would be $8,000. David’s Chocolates uses the straight-line method to the nearest month for calculating depreciation.

Required
Record depreciation at December 31, 2026, David’s Chocolates’ year-end. Round to the nearest whole dollar.