On January 1, 2024, Tyson Manufacturing Company purchased a machine for $40,600,000. Tyson's management expects to use the machine for 31,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $43,000. The machine was used for 3,900 hours in 2024 and 5,300 hours in 2025. What is the depreciation expense for 2024 if the company uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) OA. $5,107,752 OB. $13,533,333 C. $5,102,331 OD. $6,933,937