A piece of newly purchased industrial equipment costs $1,110,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank. Enter " O " when necessary. \begin{tabular}{|c|c|c|c|} \hline \multirow{2}{*}{ Year } & \multicolumn{3}{|c|}{ Property Class } \\ \cline { 2 - 4 } & 3 Year & 5 Year & 7 Year \\ \hline 1 & 33.33% & 20.00% & 14.29% \\ \hline 2 & 44.45 & 32.00 & 24.49 \\ \hline 3 & 14.81 & 19.20 & 17.49 \\ \hline 4 & 7.41 & 11.52 & 12.49 \\ \hline 5 & & 11.52 & 8.93 \\ \hline 6 & & 5.76 & 8.92 \\ \hline 7 & & & 8.93 \\ \hline 8 & & & 4.46 \\ \hline \end{tabular} A piece of newly purchased industrial equipment costs $1,110,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank. Enter " O " when necessary. \begin{tabular}{|c|c|c|c|} \hline \multirow{2}{*}{ Year } & \multicolumn{3}{|c|}{ Property Class } \\ \cline { 2 - 4 } & 3 Year & 5 Year & 7 Year \\ \hline 1 & 33.33% & 20.00% & 14.29% \\ \hline 2 & 44.45 & 32.00 & 24.49 \\ \hline 3 & 14.81 & 19.20 & 17.49 \\ \hline 4 & 7.41 & 11.52 & 12.49 \\ \hline 5 & & 11.52 & 8.93 \\ \hline 6 & & 5.76 & 8.92 \\ \hline 7 & & & 8.93 \\ \hline 8 & & & 4.46 \\ \hline \end{tabular}