Fern Incorporated bought a machine for $61,000 cash. The estinated useful life was five years and the estimated residual value was $7,000. Assume that the estimated useful life in productive units is 156,000. Units actually produced were 41,600 in year 1 and 46,800 In year 2 Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 12 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 1? OK ht Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 28 Reg 3 Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations. Round final answers to the nearest whole dollar) Method of Depreciation Depreciation Expense Year 1 Year 2 Book Value at the End of Year 1 Year 2 Straight-line Units-of-production Double-declining-balance Complete this question by entering your answers in the tabs below. ook Reg 1 Reg 24 Req 2B Req3 Hint rint rences Which method would result in the lowest net income for year 17 Ostraight-line Units-of-production Double-declining balance 432 points Complete this question by entering your answers in the tabs below. Raqi Req 2A Reg 28 Req3 Hint Prane References Which method would result in the lowest net income for year 2? Double-declining balance Straight-lino Units-of-production Reg 1 Red 2A Reg 28 Reg 3 Which method would result in the lowest fixed asset turnover ratio for year 17 Pri Units of production Double-declining balance Straight-in