On January 1, 2015, Regal Manufacturing purchased a machine for $850,000. The company expects the machine to remain useful for five years and to have a residual value of $80,000. Regal Manufacturing uses the straight-line method to depreciate its machinery. Regal Manufacturing used the machine for three years and said it on January 1, 2018 for $300,000. Requirements Compute accumulated depreciation on the machine at January 1, 2010 (same as December 31, 2017). Record the sale of the machine on January 1, 2018. Compute accumulated depreciation on the machine at January 1, 2018 (same as December 31, 2017) The accumulated depreciation is $_____