Benson Inc. recently paid $118.000 for machinery with an estimated five year useful Ife and residual value of 10.000. By using the machinery in its operations for five years the company expects to earn $50.000 annually, after deducting all expenses except depreciation Complete the following schedules assuming each of straightine depreciation and double-declining balance depreciation Round all amounts to the nearest dollarFor simplicity, assume the machinery is depreciated as an individual ton and will not be broken into its parts and depreciated Straight-Line Depreciation 5.Year 2014 2015 2016 2017 2018 Totals income before depreciation Depreciation expense Net income (los) Double-Deckning-Balance Depreciation 5-Year 2014 2015 2016 2017 2018 Totals Income before depreciation Depreciation expense Net income (loss)