Question: A metal-polishing machine purchased by Mike Steel, Inc. should last 3 years. The purchase price was $36,300. Shipping costs were $363 and initial setup charges were $726. The trade-in value is $11,024. Prepare a depreciation schedule using the 125% declining balance method, then enter the accumulated depreciation at the end of year 2 as your answer. (Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent)