Cheetah copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. Cheetah Copy also estimates it will use the machine for 5 years or about 8,000 total hours. Required: Prepare a depreciation schedule for four years using the following method: Straight-line. Double-declining balance. Activity-based. Actual use per year was as follows: Do only 3 years. REQUIRED 2 THE COMPANY SOLD ASSETS FOR 83500 AT THE END OF YEAR 3. ASSUME STRAIGHT-LINE DIFFERENCIATION IS USED. GIVE THE JOURNAL ENTRY FOR THE