On January 1, 2024, Tyson Manufacturing Corporation purchased a machine for $40,700,000. Tyson's management expects to use the machine for 30,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $45,000. The machine was used for 4,200 hours in 2024 and 5,200 hours in 2025. What is the depreciation expense for 2024 if the corporation uses the units - of - production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $7,046,884 O B. $5,691,714 OC. $13,566,667 OD. $5,698,014