At the beginning of 2020, Pronghorn Company acquired equipment costing $118,800. It we estimated that this equipment would have a useful life of 6 years and a residual value of $11,400 at that time. The straight-line method of depreciation was considered the most appropriate to use with this type of equipment. Depreciation is to be recorded at the end of each year: During 2022 (the third year of the equipment's life), the company's engineers reconsidered their expectations, and estimated that the equipment's useful life would probably be 7 years (in total) instead of 6 years. The estimated residual value was not changed at that time. However, during 2025 the estimated residual value was reduced to $5,400. Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table. However, during 2025 the estimated residual value was reduced to $5,400. Indicate how much depreciation expense should be recorded each year for this equipment, completing the following table