(2 pt) Michaels Co purchased machinery for its manufacturing process on January 1, 2019 at a cost of $90,000, has a four-year useful life and no residual value. The company uses the straight- line depreciation method. On January 1, 2021, $20,000 was spent to repair the equipment and to add a feature that increased its operating efficiency. The new feature represents 75% of the amount spent. In addition to increasing operating efficiency, the total useful life of the equipment was extended by 3 years. Determine the depreciation expense recorded for this machine in 2021