MACRS, ADS (LO. 7) Stan purchases machinery costing $120,000 for use in his business in 2019. The machinery is 7-year MACRS property and has an ADS life of 12 years. Refer to the MACRS Depreciation Tables to answer the following questions. Complete a depreciation schedule using the regular MACRS method and ADS (straight-line method) depreciation assuming that Stan does not make a Section 179 election and elects not to claim bonus depreciation. In your calculations, round depreciation percentages to two decimal places. Round your final answers to the nearest dollar. If necessary, adjust the amount of MARCS depreciation in 2026 (the last year) so that total depreciation equals $120,000. Year Depreciation MACRS Depreciation ADS 2019 2020 2021 $ 2022 $ $ 2023 $ $ 2024 $ 2025 $ $ 2026 $ $