Sunland Company bought machinery on January 1, 2009 at a cost of $ 108,000. The machinery had an estimated life of 8 years and salvage value of $ 18,560. On January1, 2014, Sunland estimates that the machinery will have a life of only 2 more years from January 1. 2014, and the salvage value is now estimated to be $4,640. Sunland uses straight-line depreciation. Compute the annual depreciation expense for 2014. Annual depreciation expense for 2014 $