Comparing three depreciation methods Waylander Coatings Company purchased waterproofing equipment on January 6 for $261,600. The equipment was expected to have a useful life of 4 years, or 8,000 operating hours, and a residual value of $21,600. The equipment was used for 3,000 hours during Year 1,2,500 hours in Year 2, 1,400 hours in Year 3, and 1,100 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the 4 years by each method. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then, round the answer for each year to the nearest whole dollar