2 Required information [The following information applies to the questions displayed below.] Part 1 of 3 5 points University Car Wash built a deluxe car wash across the street from campus. The new machines cost $222,000 including installation. The company estimates that the equipment will have a residual value of $21,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: eBook Ask Year 1 2 3 4 5 6 Hours Used 2,700 1,500 1,600 2,400 2,200 1,600 Print References 2 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) Part 1 of 3 UNIVERSITY CAR WASH Depreciation ScheduleStraight-Line End of year amounts Depreciation Accumulated Book Value Expense Depreciation 5 points Year 1 2 eBook 3 Ask 4 5 Print References 6 Total $ 0