In 2018, Aldrin Company purchased equipment on January 1st for $60,000. It is estimated that the equipment will have a $5,000 residual value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. Answer the following independent questions. a. Prepare an amortization schedule, which shows the annual amortization expense on the equipment for its 5-year life. b. The company uses the units-of-activity amortization method. In year one, 16,000 units of product are produced and 24,000 units are produced in year two. Prepare the amortization schedule for the first two years.