Mittal Companies bought a machine at the beginning of the year at a cost of $18,500. The estimated useful life was five years and the residual value was $3,300. 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 final answers to the nearest whole dollars.) Income Balance Sheet Statement Year Accumulated Depreciation Expense Cost Book Value Depreciation At acquisition 1 3 4 5.