On April 22, 2013, sandstone Enterprises purchased equipment forexist129,200. The company expects to use the equipment for 12,000 working hours during its four-year life and that it will have a residual value of exist14,000. Sandstone has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was:1,900 hours in 2013, 2,800 hours in 2014, 3,700 hours in 2015, 2,700 hours in 2016, and 1,100 hours in 2017. Instructions (a) Prepare a depreciation schedule for the life of the asset under each of the following methods: l. straight-line, 2. diminishing-balance using double the straight-line rate, and 3. units of production. (b) Which method results in the lowest profit over the life of the asset? (c) Which method results in the least cash used for depreciation over the life of the asset