Pedro Company has $53,500 of machinery being depreciated over 5 years. The estimated residual value is $11,700. After taking 2 years depreciation, Pedro realizes the equipment is clearly going to last another 4 years and the estimated residual value remains unchanged. Required 3: What depreciation expense will Pedro record in year 2 when using the declining balance method? $ Required 4: What depreciation expense will Pedro record in year 3 when using the declining balance method? $