On January $2,2020,$ Company P issued $$120,000$ of $8\%$ bonds at face value to help finance the purchase of $25\%$ of the outstanding common stock of Alpha Company for $$200,000.$ No excess resulted from this transaction. Alpha earned $$100,000$ net income during $2020$ and paid $$20,000$ in dividends. The only change in plant assets during $2020$ was that Company S sold a machine for $$10,000.$ The machine had a cost of $$60,000$ and accumulated depreciation of $$40,000.$ Depreciation expense recorded during $2020$ was as follows: