On January 1, 2012. Zakiuddin Company purchased the following two machines for use in its production process. The cash price of this machine was $$5.000. Related expenditures included: sales tax $2.750, shipping costs $100, insurance during shipping $75, installation and testing costs $75, and $90 of oil and lubricants to be used with the machinery during its first year of operation. Zakiuddin estimates that the useful life of the machine is 4 years with a $5,000 salvage value remaining at the end of that time period. The recorded cost of this machine was S100,000. Zakiuddin estimates that the useful life of the machine is 4 years with a $10.000 salvage value remaining at the end of that time period. Machine A: Machine B: Instructions (a) Prepare the following for Machine A 1. The journal entry to record its purchase on January 1. 2012. 2. The jounal entry to record annual depreciation at December 31. 2012, assuming the straight-line method of depreciation is used. (b) Calculate the amount of depreciation expense that Zakiuddin should record for machine B each year of its useful life under the following assumption. 1. Zakiuddin uses the straight-line method of depreciation. 2. Zakiuddin uses the declining-balance method. The rate used is twice the straight-ine rate 3. Zakiuddin uses the units-of-activity method and estimates the useful life of the mischine is 25.000 units. Actual usage is as follows 2012. 5.500 units: 2013, 7,000 units: 2014, 8,000 units; 2015, 4.500 units (e) Which method used to calculate depreciation on machine B reports the lowest amount of depreciation expense in year 1 2012? The lowest arnourn in year 4 (2015? The lowest total amount over the 4-year period