Rino Co$.$ pays $$35,000$ for equipment. The machine's useful life is estimated at $10$ years, or $50,000$ units of product with a $$5,000$ salvage value. During the first year, the machine produced $12,000$ units of product. How much depreciation expense will Rino record this first year based on the units$-$of$-$production depreciation method?

Multiple choice question.

$$8,400$

$$3,000$

$$3,500$

$$7,200$