On January 1, 2020, Livingston Enterprises purchased equipment for $264,970. The equipment has a salvage value of $14,500. It is estimated that the equipment could produce 759,000 metal plates over its 8-year useful life. During 2020, 109,500 metal plates were produced. During 2021, production increased to 113,500 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for 2021?