A machine is purchased for $15,000 on July 1, 2020. It is expected to have a useful life of 5 years and a salvage value of $500. The company uses the double declining balance method of depreciation. Complete Part A, B, C based on the details given. Paragraph B V I UA + Part A. Complete the following double declining balance depreciation schedule for the machine Beginning Book Depreciation Year Value Depreciation Rate Expense Ending Book Value Part B. If the machine was sold on December 31, 2021 for $10,000, what is the amount of gain/loss that should be recognized on the sale? (show your work!) C. What is the journal entry to record the sale of the machine? Date General Journal Debit Credit