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On January 1, 2020, Bonita Industries purchased a new machine for $4150000. The new machine has an estimated useful life of nine years and the

On January 1, 2020, Bonita Industries purchased a new machine for $4150000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $145000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be shown in Bonita's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine?

$2637000

$4005000

$3349000

$2548000

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