Tinney & Smyth Inc. is considering the purchase of a new batch polymer-bonding machine for producing Crazy Rubber, a children's toy that is soft, pliable but also bouncy. The machine will increase EBITDA by $235,000 per year for the next two years. Assume that operating cash flows occur at the end of each year. The machine's purchase price is $275,000 and the salvage value at the end of two years is $41,250. The machine is classified as 3-year property. To run the Crazy Rubber production line the company will need to purchase an inventory of polydimethylsiloxane and boric acid for a total cost of $19,000. The MACRS depreciation rates for the first two years are 33.33% and 44.45%. What is the depreciation expense in the first year of operations? The depreciation expense for the first year will be $ (Round to the nearest dollar.) Enter your answer in the answer box