Required information The following information applies to the questions displayed below. On January 1, 2018, Hobart Mfg. Co. purchased a drill press at a cost of $42,600. The drill press is expected to last 10 years and has a residual value of $6,600. During its 10-year life, the equipment is expected to produce 500,0o0 units of product. In 2018 and 2019, 28,000 and 90,000 units, respectively, were produced. Required: Compute depreciation for 2018 and 2019 and the book value of the drill press at December 31, 2018 and 2019, assuming the sum-o the-years-digits method is used. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) 2018 2019 Depreciation Book Values