The price of a metal-working lathe purchased by Rio Corporation was $37,700. This item will be used for business 80% of the time. Accountants elected to take a $15,000 section 179 deduction. No special depreciation allowance is available. Prepare a depreciation schedule using the MACRS method and enter the annual depreciation for year 3 as your answer. Round all dollar amounts to the nearest cent.

Answer: $_______