Khan Manufacturing bought a machine at the beginning of the year at a cost of $22,700. 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.) Balance Sheet Year Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value $ 22,700 At acquisition 1 22,700 2 3 4 5