Hawaii, Co. purchased a machine on January 1, 2021 for $436,515. The machine is estimated to last four years with an estimated $26,000 salvage value. The machine will be used to produce a total of 975,000 units spread over the four years as follows:

Year 1: 175,000

Year 2: 325,000

Year 3: 365,000

Year 4: 110,000

Prepare the journal entry to record depreciation on the machine for Year 3 (round to 2 decimal places).