O Required information The following information applies to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $219,000 including Installation. The company estimates that the equipment will have a residual value of $19,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Year 1 2 3 Hours Used 2,800 1,400 1,500 2,500 2.300 2,000 5 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.) UNIVERSITY CAR WASH Depreciation Schedulo-Activity-Based End of year amounts Depreciation Accumulated Expense Depreciation Book Value Year 1 2 3 4 5 6 Total