A company purchased a weaving machine for $324,400. The machine has a useful life of 8 years and a residual value of $18,000. It is estimated that the machine could produce 766,000 bolts of woven fabric over its useful life. In the first year, 113,000 bolts were produced. In the second year, production increased to 117,000 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year?