E9-7 (Algo) Computing and Recording Units-of-Production Depreciation [LO 9-3) Mittal Companies bought a machine at the beginning of the year at a cost of $35,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productive life of the machine is 16,500 units. Expected annual production was year 1, 3,300 units, year 2.4,300 units, year 3,3,300 units, year 4, 3,300 units; and year 5 2,300 units. Required: 1. Complete a depreciation schedule for the units-of-production method, 2. Prepare the journal entry to record Year 2 depreciation Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the units-of-production method. (Do not found intermediate calculations, Round final answers to the nearest whole dollars.) Balance Sheet Year Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 E9-7 (Algo) Computing and Recording Units-of-Production Depreciation [LO 9-3] Mittal Companies bought a machine at the beginning of the year at a cost of $35,000. The estimated use it was five years and the residual value was $2,000 Assume the estimated productive life of the machine is 16.500 units Expected annual production was year 1.3.300 units year 2.4300 units, year 3.3.300 units year 4, 3.300 units, and year 5, 2.300 units Required: 1. Complete a depreciation schedule for the units of production method 2. Prepare the journal entry to record Year 2 depreciation Complete this question by entering your answers in the tabs below. Required Required Prepare the journal entry to record Year 2 depreciation (If try is required for a transaction/event, select to Journal Entry Required in the first account field) Views Journal entry worksheet A Record the adjusting entry for depreciation expense for Year 2 Note: Enter debits before credits Debit Cede General Journal Transaction