Herasa Manufacturing purchased a new machine on Jan 1, 20X1 that was built to perform one function on its assembly line. Data pertaining to this new machine are: Cost $590,000 Residual value (salvage) $44,000 Estimated service life 3 years Production output 100,000 units Using straight-line method, what is the book value at the end of the third year of ownership? Enter your response rounded to whole numbers, no commas and no dollar signs