Tinney & Smyth Inc. is considering the purchase of a new batch polymer$-$bonding machine for producing Crazy Rubber, a new children$$s toy. The machine will increase EBITDA by $$215,000$ per year for the next two years. The machine$$s purchase price is $$260,000$ and the salvage value at the end of two years is $$46,800.$ The machine is classified as $3-$year property with MACRS depreciation rates for the first two years of $33\mathrm{.}33\%$ and $44\mathrm{.}45\%.$ What is the depreciation expense in the first year of operations? Round to the nearest dollar.

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