On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,100,000. Tyson's management expects to use the machine for 26,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $46,000. The machine was used for 4,200 hours in 2018 and 5,100 hours in 2019. What is the depreciation expense for 2018 if the corporation uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A. $6,477,702
B. $13,366,667
C. $6,470,268
D. $7,856,754