Sunland Company purchased a machine on July 1, 2020, for $970000. The machine has an estimated useful life of five years and a salvage value of $203000. The machine is being depreciated from the date of acquisition by the 150% declining-balance method. For the year ended December 31, 2020, Sunland should record depreciation expense on this machine of

$145500.

$115050.

$194000.

$291000.