Mountain View Resorts purchased equipment at the beginning of 2021 for $50,000. Residual value at the end of an estimated four- year service life is expected to be $6,800. The machine operated for 1.200 hours in the first year and the company expects the machine to operate for a total of 12,000 hours over its four-year life. Calculate depreciation expense for 2021, using each of the following depreciation methods: (1) straight-line, (2) double-declining- balance, and (3) activity-based. (Round your intermediate calculations to 2 decimal places.) Depreciation Expense Straight-line Double-declining balance Activity-based On January 1, 2021, a company issues $740,000 of 6% bonds, due in seven years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $783.256. Required: a. Fill in the blanks in the amortization schedule below: (Round your answers to the nearest dollar amount.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/31/2021 b. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 Record the bond issue on January 1, 2021. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2021