On January 1, 2024. Tyson Manufacturing Corporation purchased a machine for $40,000,000. Tyson's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $50,000. The machine was used for 4,000 hours in 2024 and 5,700 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.) A. $4,700,000 B. $4,705,880 C. $13,333,333 D. $6,697,500