Figaro Production bought a machine at the beginning of the year at a cost of $22,350. The estimated useful life was five years and the residual value was $2,000. Required: 1. Complete a depreciation schedule for the double-declining-balance 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 double-declining-balance method. (Do not round Intermediate calculations. Round final answers to the nearest whole dollars.) Year Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Cost Book Value At acquisition 1 2 $ 22.000 $ 4,000 $ 4,000 4,000 3 $ 4 $ 4,000 4,000 5 $ Required 2 > Figaro Production bought a machine at the beginning of the year at a cost of $22,350. The estimated useful life was five years and the residual value was $2.000. Required: 1. Complete a depreciation schedule for the double-declining balance 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 Prepare the Journal entry to record Year 2 depreciation. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction lit Journal entry worksheet Record the adjusting entry for depreciation expense for Year 2. Note Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal