7 Given the following for the Illinois Company: Date Event ut of 4/1/13 Purchase Machine 10/1/14 Addition to Machine Extends useful life to 4/1/20 Cost: $14,000 5 year life straight-line Cost: $4,000 No change in salvage Depreciation expense for year-end 12/31/14 is approximately: Select one: O a. $2,533 O b. $2,266 O c. $2,727 Salvage: $2,000 O d. $2,364 O e. $2,455