On January 1, Year 1, Premium Landscaping Company paid $17,000 to buy a stump grinder. If Premium uses the grinder to remove 2,500 stumps per year, it would have an estimated useful life of 10 years and a salvage value of $4,500. The amount of depreciation expense for the year Year 1, using units-of-production depreciation and assuming that 3,500 stumps were removed, is