Helena Mayo Inc. acquired a piece of equipment January 1, 2021. The company is now computing the depreciation expense for the piece of manufacturing equipment for the fiscal year ended December 31, 2021. The following information was provided: Cost of equipment $1,200,000 Estimated residual value $200,000 Expected useful life 8 years Total productive capacity 800,000 units Production in FY 2021 135,000 units Expected production in the next 7 years 95,000 units each year If the company uses the units-of-production method, the amount of depreciation expense on the income statement related to the manufacturing equipment is closest to: