Jim Company bought a machine for $22,860 with an estimated life of 5 years. The residual value of the machine is $5,100. This machine is expected to produce 111,000 units. In year 1, it produced 14,500 units, and in year 2, 33,500 units. Assuming the units-of- production method, calculate the first 2 years' depreciation. Depreciation Year 1 Year 2