A company paid $$516,000$ to purchase equipment and $$16,600$ to have the equipment delivered to and installed in the company's production facilities. The equipment is expected to be used a total of $29,600$ hours throughout its estimated useful life of six years. The estimated residual value of the equipment is $$6,600.$ The company began using the equipment on May $1,2021.$ The company has an October $31,2021$ year$-$end. It used the equipment for a total of $12,800$ hours between May $1$ and October $31,2021.$ Using the units$-$of$-$production method, what amount of depreciation expense would the company report in the income statement prepared for the year$-$ended October $31,2021?$

Multiple Choice

$$113,730$

$$221,459$

$$227,459$

$$526,000$