Regent Ltd, which uses the high-low method to analyse cost behaviour, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 1,800 machine hours to a high of 3,300 machine hours, with the following data being available for the first six months of the year:

Month Utilities Machine Hours

January $26,100 2,400

February 25,080 2,160

March 26,850 2,430

April 29,080 2,760

May 28,875 2,850

June 27,450 2,700

Using the high-low method, how much would the utilities cost associated with 2,940 machine hours be?