HURCES Problem 9-09A Pronghorn Corporation purchased machinery on January 1, 2022, at a cost of $276,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $32,600. The company is considering different depreciation methods that could be used for financial reporting purposes. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate udy STRAIGHT-LINE DEPRECIATION Computation Depreciable Cost x Depreciation Rate = Annual Depreciation Expense Years End of Year Accumulated Depreciation Book Value 2022 % $ 2023 % 2024 % 2025 % DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Book Value Beginning of Year * Depreciation Rate - Annual Depreciation Expense Accumulated Depreciation End of Year Years Book Value 2022 % 2023 % 2024 96 2025 96 1,900 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation End of Year Book Value Depreciation Rate - Annual Depreciation Expense Accumulated Depreciation Beginning of Year Years Book Value 2022 % $ 2023 % 2024 96 2025 96 1,900 Depreciation expense for 2020 under Double declining balance is adjusted so that ending book value is equal to salvage value. LINK TO TEXT (b1) Which method would result in the higher reported 2022 income? (62) Which method would result in the highest total reported income over the 4-year period? VINAVY (c1) Which method would result in the lower reported 2022 income? (c2) Which method would result in the lowest total reported income over the 4-year period? Click if you would like to Show Work for this question: Oren Show Work www