IV. Alladin Company purchased Machine #201 on May 1, 2017. The following information relating to Machine #201 was gathered at the end of May- 25 mins. Price $50,000 Freight-in $ 800 Preparation and installation costs $ 3,800 Labor costs during regular production operations $10,500 Expected useful life of the machine 5 years Salvage value $2,500 a) Compute the depreciation expense for the year ended 31 December 2017 (using straight-line depreciation). Round your number to the nearest dollar (5 Pts.) b) Compute the depreciation expense for the year ended 31 December 2017 (using the double-declining balance). (5 Pts.) c) The Company sold the machine on 31 December 2018 at a price of $30,000, calculate the carrying value of the machine (net book value) and the gain or loss on the sale of the machine. (using the straight-line method) (5 Pts.) d) Prepare the depreciation schedule for the machine using the straight-line method. (5 Pts.)