A paper shredder purchased by Value Choice Electronics is expected to last 5 years. The purchase price was $3,943. Shipping were $150 and initial setup charges were $157. The trade-in value is $395. Prepare a depreciation schedule using the sum- of-the-year's method, then enter the accumulated depreciation at the end of year 4 as your answer. 1) $2,997 2) $649 3) $257 4) $3,598