Madhav Enterprises is the Melbourne's wholesale supplier of lawn mowing supplies and equipment Assume Madhav Enterprises purchased for cash new loading equipment for the warehouse on January 1 of Year 1 , at an invoice price of $94,500. It also paid $5,000 for freight on the equipment, $2,800 to prepare the equipment for use in the warehouse. The equipment was estimated to have a residual value of $4,800 and be used for three years or 30,000 hours. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Complete the following: A. Record the purchase of the equipment, freight, and preparation costs on January 1 of Year 1. ( 2 marks available) B. Create a depreciation schedule assuming Madhav Enterprises uses the straight-line method. (2 marks available) C. Create a depreciation schedule assuming Madhav Enterprises uses the double-decliningbalance method. (2 marks available) D. Create a depreciation schedule assuming Madhav Enterprises uses the units-ofproduction method, with actual production of 9,500 hours in Year 1;9,900 hours in Year 2; and 10,600 hours in Year 3. ( 2 marks available) E. On December 31 of Year 2 before the year-end adjustments, the equipment was sold for $30,000. Record the sale of the equipment assuming the company used the straight-line method. (4 marks available)