Dowling, Inc. purchased equipment on January 1, 2019 for $1,851,500. Dowling management estimated the useful life of the machine to be 10 years with a salvage value of $80,500. Double declining balance method depreciation for year 2 (2020) would be: a) $283,360 b) $673,540 c) $370,300 d) $296,240 e) None of these answers is correct