On 1 January 2019. Power Ltd. purchased equipment for $115,000. The following information is relevant to the depreciation of the equipment: The useful life is 4 years and the residual value is $25,000. The reducing balance rate of depreciation is 2 times the straight-line rate. The total expected operating life of the machine is 50,000 hours. The actual production is 17,500 hours in 2019 and 10,000 hours in 2020. The accounting period starts on 1 January and ends on 31 December. Required: Calculate the correct number and enter it in the input area provided. (6 marks) Instructions: When entering amounts, use numbers only - no spaces, no dollar signs, no full stops, no dots, no decimal separators, no symbols, no special characters, e.g., enter $2,000 as 2000 1. The depreciation expense for the year ended 31 December 2019 using the reducing balance method was $ 2. The depreciation expense for the year ended 31 December 2019 using the units of production method was $ 3. The carrying amount of the equipment that would be presented in the balance sheet as at 31 December 2020 (two years after acquisition) using the reducing balance method of 3. The carrying amount of the equipment that would be presented in the balance sheet as at 31 December 2020 (two years after acquisition) using the reducing balance method of depreciation was $ 4. The carrying amount of the equipment presented i the balance sheet as at 31 December 2020 (two years after acquisition) using the units of production method of depreciation was $