George & Co. purchased a machine on January 10, 2018. The total cost of the purchase was $116,000. The machine has an estimated salvage value of $14,000 and an estimated useful life of 6 years. In May of 2018, the company spent $4,000 to overhaul the machines engine; this changed the estimate of the machines total useful life to 8 years. Depreciation for 2018 was recorded before the overhaul. Show calculations for the annual straight-line depreciation amounts for this asset for 2018 through 2021.