At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $95,000. It is expected to have a five-year life and a $15,000 salvage value. b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double declining-balance methods in a financial statements model. (In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.) COPELAND DRUGSTORE Horizontal Statements Model Balance Sheet Income Statement Stockholders Assets Equity Revenue Cash Book Value of Computer Expenses Net Income Statement of Cash Flows Retained Earnings Straight-Line Depreciation Double-Declining-Balance Depreciation