1 (31.5 points) Pan Corporation is a company that manufactures and sells baking forms. On 1/1/22, the company purchases a piece of manufacturing equipment for $2,500,000 cash. The expected residual value is $260,000 and the useful life is 5 years. The company expects to produce 8,000,000 forms with the equipment -2,500,000 forms in 2022; 2,000,000 forms in 2023; 1,500,000 forms in 2024; 800,000 forms in 2025, and 1,200,000 forms in 2026. Assume that Pan Corporation uses the Straight-Line method of depreciation. 2022 Depreciation Expense for the year Accumulated Depreciation at year-end PPE, Net on year-end Balance Sheet 2023 2024 2025 2026 Assume that Pan Corporation uses the Units-of-Activity method of depreciation. Depreciation Expense for the year Accumulated Depreciation at year-end PPE, Net on year-end Balance Sheet 2022 2023 2024 2025 2026 Assume that Pan Corporation uses the Double-Declining-Balance method of depreciation. 2022 2023 Depreciation Expense for the year Accumulated Depreciation at year-end PPE, Net on year-end Balance Sheet 2024 2025 2026