Novak Company and Flounder Company are two companies that are similar in many respects. One difference is that Novak Company uses the straight-line method and Flounder Company uses the declining-balance method at double the straight-line rate. On January 2,2020, both companies acquired the depreciable assets shown below. Asset Buildings Equipment 130,000 Cost $240,000 Salvage Value Useful Life $10,000 40 years 6,000 10 years Thcluding the appropriate depreciation charges, annual net income for the companies in the years 2020, 2021, and 2022 and total income for the 3 years were as follows. 2020 2021 2022 Total Novak Company $78.000 Flounder Company 70,000 68,000 77,000 $82,400 $84.000 $244,400 215,000 Determine the annual depreciation recorded by each company during the 3 years. Novak Company Flounder Company 2020 $ 5750 12400 2021 2022 S 5750 5750 Determine the total accumulated depreciation recorded by each company during the 3 years. Novak Company Flounder Company Total Accumulated Depreciation