Exercise $9-12$ Income statement effects of alternative depreciation methods LO$2$

Kenartha Oil recently paid $$485,400$ for equipment that will last five years and have a residual value of $$115,000.$ By using the machine in its operations for five years, the company expects to earn $$181,000$ annually, after deducting all expenses except depreciation. Complete the schedule below assuming each of $($a$)$ straight$-$line depreciation and $($b$)$ double$-$declining$-$balance depreciation. $($Do not round intermediate calculations. Enter loss amounts with a minus sign.$)$