On September 7, King Company purchased equipment costing $45,700. The equipment has an estimated salvage value of $6,650 and an estimated useful life of 12 years. King estimates that over its useful life, the equipment will be used to produce 7,810 units. In the first year, 525 units were produced. In the second year, 791 units were produced. Required: Compute the depreciation expense for the first two years using the units-of-production method. Year 1 depreciation expense: Year 2 depreciation expense: X