Beta Inc. acquired a machine on January 1 2010 for $48,000. Beta paid $12,000 cash and signed a note for the balance. On January paid $1, 400 freight costs for delivery of the machine. On January 5, Beta paid $2, 600 to have the machine installed. On December 30, Beta paid $600 for annual maintenance on the machine. On December 31, Beta recorded depreciation using the straight-line method. Beta expects to use the machine for 10 years at which time it expects a residual value of $2, 800. Prepare the journal entry to record depreciation on December 31, 2010. (Omit the "$" sign in your response.)