ABC CORP PURCHASED A COFFEE MACHINE ON JANUARY 1, 2008, FOR $40,000 EXPECTED USEFUL LIFE IS 1O YEARS. RESIDUAL VALUE IS ZERO. UNDER THE TWO DPRECIATION METHODS-STRAIGHT LINE AND DOUBLE DECLINING BALANCE COMPUTE ANNUAL DEPRECIATION EXPENSE ACCUMULATED DEPRECIATION BOOK VALUE FOR 2008, 2009, AND 2010 METHOD STRAIGHT LINE DEPRECIATION EXPENSE DEPRECIATION FOR 2008, 2009, AND 2010 METHOD DOUBLE DECLINING BALANCE ANNUAL ACCUMLATED VALUE 2010 A MACHINE IS PURCHASED FOR $500,000. ITS LIFE IS BASED ON UNITS OF PRODUCTION AND PER SPECIFICATIONS IT CAN PRODUCE 200,000 UNITS IN ITS FIRST YEAR OF PRODUCTION THE MACHINE PRODUCED 40,000 UNITS. RECORD THE ENTRY FOR DEPRECIATION IN THE FIRST YEAR DR CR ACCT RECEIVABLE NOTE RECEIVABLE EQUIPMENT ACCOUNTS PAYABLE NOTE PAYABLE CAPITAL 400,000 300,000 100,000 200,000 2,400,000 COST OF SALES RENT EXP WAGE EXP 1,800,000 100,000 100,000 RESERVE FOR DA NEEDS TO BE 5% OF AR BALANCE DATE OF NOTE RECEIVABLE IS OCT 1, 2012 DUE IN 2013 INTEREST RATE IS 12% EQUIPMENT PURCHASED ON JAN 2012 LIFE IS 5 YEARS STRAIGHT LINE DEPRECIATION DATE OF NOTE PAYABLE IAN 1, 2012 INTEREST RATE IS 10% PREPARE AN ADJUSTED TRIAL BALANCE BASED ON THE ABOVE INFORMATION (IN GOOD FORM) ALSO PREPARE AN INCOME STATEMENT, BALANCE SHEET, AND STATEMENT OF CASH FLOW FOR DEC 2012