F2 2. Pedroni CH Company purchased packaging equipment on January 8 for $72,000. The equipment wat expected to have a useful life of three years or 18,000 operating hours, and a residual value of $4,500 The equipment was used for 7.600 hours during year 1, 6,000 hours in year 2, and 4400 hours in year E Determine the amount of depreciation expense for the three years ending December 21, by the Straight line method. The units of activity method, and the double declining balance method. Finally determine the total amount of depreciation expense for the three ears by each method D 3. Pedroni Enterprises issues a $260,000, 45 day 5 % nate to Zorzi Industries for merchandise inventory Journalise Pedroni Enterprises entries to record: 1 The issuance of the note 2 The payment of the note at matunty blournalize Zorzi industries entries to record: 1 The receipt of the note 2 Receipt of the payment of the note at maturity 4. On July 21, 2019 the balances of the accounts appearing in the ledger of Pedroni Interiors company furniture wholesales, are as follows Accumulated Depreciation-Building 5365,000 Ray Zoras - Capital $530,000 Administrative Expenses 440,000 Ray Zorti-Drawing 15,000 Building 810,000 Sales 1.437.000 Cash 78.000 Sales tax Payable 4.500 Cost of Merchandise Sold 775.000 Selling Expense 160,000 Interest Expense 6,000 Store Supplies 16,000 Merchandise Inventory 115,000 Store Supplies Expense 21,500 Notes Payable 100,000 Instructions: Prepare the luly 31, 2019 closing entries for Pedroni Interiors Company