On January 1, Hawaiian Specialty Foods purchased equipment for $33,000. Residual value at the end of an estimated four-year service life is expected to be $4,940. The company expects the machine to operate for a total of 23,000 hours. The machine operated for 3,200 hours in the first year and 3,500 hours in the second year. Record depreciation expense for the first two years using the activity-based method. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)