(2) Gina Company purchased a new classic vehicle owned by Elvis Presley on Jan 1, 2018 at a cost of $3,200,000. The classic vehicle has an estimated useful life of 5 years and an estimated salvage value of $200,000. The current year end is 12/31/18. Gina Inc. records depreciation to the nearest month. What is the depreciation amount for the second year under the following methods: Straight Line Double Declining Sum of the year's digits