Mittal Companies bought a machine at the beginning of the year at a cost of $27000. The estimated useful life was five years and the residual value was $2.500 Required: 1. Complete a depreciation schedule for the straight-line method. 2. Prepare the journal entry to record Year 2 depreciation Complete this question by entering your answers in the tabs below. Required 1 Recured 2 Prepare the yournal entry to record Year 2 depreciation (If no entry a requared for a transaction/event, samt no Journey Recured in the first account field) Vhow transactions Journal entry worksheet Mecord the ting entry for depreciation pense for year D