Finway Corporation bought equipment on January 1, 2030. The equipment costed $414,000 and had an expected salvage value of $59,700. The life of the equipment was estimated to be 6 years. Assuming straight-line depreciation, what is the book value of the equipment at the beginning of the third year? (Hint: How much is your equipment worth at the beginning of Year 3? Think of how you would normally calculate the net book value of the equipment. What you paid for equipment minus how much it has been depreciated up to Year 2 is how you would calculate the book value at the beginning of the third year.)