The Lowell Merchandising Corporation purchased $270,000 of display equipment on January 1, 2009. The equipment is expected to have a six year useful life, after which it will be sold for $48,000. The company uses the straight-line depreciation method.Calculate the dollar amount of Lowell Merchandising Corporation's display equipment that would be reported in its general ledger at the end of the second year of the display equipment's life.