A machine with a cost of $78,376.00 has an estimated residual value of $5,556.00 and an estimated life of 6 years or 14,168 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 4,620 hours?

Do not round your intermediate calculations.

a. $24,273.33

b. $12,136.67

c. $23,745.65

d. $25,557.39