A machine was on purchased on September 30th for $500,000 with a residual value of $45,000. The company estimates that the machine will last 7 years and produce 2,000,000 parts over its life. Calculate depreciation expense using the Straight-Line method for the 5-year life. (NOTE: Round your answers to the nearest dollar and enter it enter it WITHOUT decimals, commas or dollar signs (Example 75000).) 1. Year 1 - $ 56250 2. Year 2 - $ 90000 3. Year 3 $ 112500 4. Year 4 - $123750 5. Year 5 - $ 67500 6. Year 6 - $ 56250