Memorial Medical Center bought equipment on January 2 for $33,000. The equipment was expected to remain in service for four years and to perform 1,550 operations. At the end of the equipment's useful if, Memorial estimates that its residual value will be $2.000. The equipment performed 155 operations the first year, 465 the second year, 620 the third year, and 310 the fourth year, Read the requirements. Requirement 1. Prepare a schedule of depreciation expense per year for the equipment under the three depreciation methods. After two years under double-declining balance depreciation, the company switched to the straight-line method. Double-Declining Balance 16 500 Units of Production 3,100 9,300 12,400 6,200 31,000 Straight-Line 7.750 $ 7.750 7.750 7.750 31,000 $ 8.250 pense itline 875 Vandalay Industries has 7,000 shares of treasury stock which it purchased for $12/share. It later resold 3,500 of those shares for $20/share. The amount to be credited to Paid - in Capital - Treasury Stock is: O A. $56,000. OB. $28,000. OC. $70,000. OD. $84,000