3. ABC Co. purchased equipment for $50,000 with a salvage value of $5,000 on 2/1/20 with a life of five years. Calculate depreciation for 2020 using the sum of the digit and double declining balance method 4. Journalize all necessary payroll entries from the following information: Salaries $120,000; income tax withhold $19,250; union dues withheld S1,500; fica tax 6% of salaries; suta rate 4%, futa rate .8%