Equipment was purchased on March 1 of year 20X7 for $125,200. The cost of installing and assembling the equipment totaled $2300. The one-year insurance policy for the equipment of $1,800 was purchased on the same day. The equipment has 5 years of useful life and a residual value of $3,500. The estimated service life of the equipment is 10,000 hours. Actual usage of the equipment was 2.500 in year 20X7,5,200 in year 20X8, and 3,300 hours in year 20X9. The fiscal year end of the business is October 31. If the business uses the units of production depreciation method, record the following: 1. Depreciation expense for the year 20X7 (nearest dollar without comma eg. 15000): 2 Depreciation expense for the year 20X8 (nearest dollar without comma, eg. 15000): 3. Depreciation expense for the year 20X9 (nearest dollar without comma, e g. 15000): Next page