Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $4,700. The estimated useful life was five years, and the residual value was $400. Assume that the estimated productive life of the machine is 13,800 hours. Expected annual production is: year 1,3,800 hours; year 2, 2,350 hours; year 3, 3,100 hours; year 4, 1,650 hours; and year 5, 2,900 hours. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount. Round your final answers to nearest whole dollar amount.) a. Straight-line b. Units-of-production c. Double-declining-balance 2. Assume NGS sold the hydrotherapy tub system for $2,000 at the end of year 3 . Prepare the journal entry to account for the disposal of this asset under the three different methods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Straight-line method: Journal entry worksheet Record the entry to account for the disposal of the asset using straight line method. Note: Enter debits before credits. Units-of-production method: Journal entry worksheet Record the entry to account for the disposal of the asset using Units-ofproduction method. Note: Enter debits before credits. Double-declining-balance method: Journal entry worksheet Record the entry to account for the disposal of the asset using Doubledeclining balance method. Note: Enter debits before credits. 3. The following amounts were forecast for year 3 : Sales Revenues, $39,000; Cost of Goods Sold, $31,500; Other Operating Expenses, $3,700; and Interest Expense, $770. Create an income statement for year 3 for each of the different depreciation methods, ending at Income before Income Tax Expense. (Don't forget to include a loss or gain on disposal for each method.) (Do not round intermediate calculations. Round depreciation expense to the nearest whole number.)