Kendall Industries is considering purchasing a new Widget Making Machine. The cost of the machine will be $129,795 and it will cost $15,412 to install the machinery. They plan to use the machine for 5 years and it will be depreciated based on the MACRs 5 year schedule. At the end of five years, they expect to be able to sell the machine for $20,000. What is the depreciation expense the firm is able to take in year 2? MACRs 5 Year Schedule Year 1 20.00% 2 32.00% his 3 19.20% 4 11.52% 5 11.52% 6 5.76% Please record your answer in dollars and cents with no symbols or commas. Thus if your answer is $35,222.12, enter your answer as: 35222.12