HW saved Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. The estimated useful life was five years and the residual value was $2,000. Assume that the estimated roductive life of the machine is 10,000 units. Expected annual production was year 1, 2,000 units: year 2, 3,000 units; year 3, 2,000 units: year 4.2.000 units; and year 5. 1.000 units. Required: 1. Complete a depreciation schedule for each of the alternative methods a. Straight-line. b. Units-of-production c. Double-declining balance. 2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more efficiently under this depreciation method? Complete this question by entering your answers in the tabs below. Req IA Reg 16 Reg IC Reg 2A Req 28 1 Complete a depreciation schedule for Straight-line method. (Do not round intermediate calculations) . Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value Al acquisition 1 2 3 4 5 Ret 1 Reg 1B MO Graw HI