At the beginning of Year Copeland Drugstore purchased a new computer system for $180,000. It is expected to have a five year we and a $30.000 salvage value Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation (2) Double declining balance depreciation 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 Complete this question by entering your amwers in the tabs below. Red At Reg A2 Rega 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 Cash Flow column, indicate whether the item is an operating activity (OA), on Investing activity (IA), or a financing activity (FA). If an element is not affected by the went teave the call bank.Enter any decreases to account balances and cash outflow with a minus sign. Not all cells will require entry) Shows Balance Sheet Assets COPELAND DRUGSTORE Horizontal Statement Model Income Statement Stockholders Equity Net Revenue Expenses Retained Income Earnings Statement of Cash Flows Book Value of Cash Computer System Purchase of computer system Straight Une Depreciation Double-Declining-Balance Depreciation