3. On January 1, 2019 ABC Co. purchases a new machine that costs $300,000, has an estimated useful life of 5 years, and an estimated residual value of $30,000 at the end of that time. It is expected that the machine can produce 540.000 units during its useful life. Required: Calculate the depreciation expense for the first two years using: (15 points a. Straight-line Year 1: Year 2: b. Units of production Year 1: Actual units produced 90,000 units Year 2: Actual units produced 40,000 units c. Double-declining balance Year 1: Year 2: d. Prepare the journal entry to record the adjusting entry on 12/31/19 using the straichi-line calculation you did in part (a).(5 points)