On January 1, 2019, Sandhill Company, a small machine-tool manufacturer, acquired a piece of new industrial equipment for $1,440,000. The new equipment had a useful life of 5 years, and the salvage value was estimated to be $60,000. Sandhill estimates that the new equipment can produce 18,000 machine tools in its first year. It estimates that production will decline by 1,000 units per year over the remaining useful life of the equipment. The following depreciation methods may be used: (1) straight-line, (2) double-declining-balance, (3) sum-of-the-years'-digits, and (4) unit of output Which depreciation method would maximize net income for financial statement reporting for the three-year period ending December 31, 2021? Prepare a schedule showing the amount of accumulated depreciation at December 31, 2021, under each method to support the method selected. Ignore present value, income tax, and deferred income tax considerations. (Round depreciation rate per unit to 2 decimal places, e.g. 15.75.) (1) Straight-line: Year Accumulated Depreciation 2019 $ 2020 $ 2021 $ (2) Double-declining-balance: Year Accumulated Depreciation 2019 $ 2020 $ 2021 $ (3) Sum-of-the-years'-digits: Year Accumulated Depreciation 2019 $ 2020 $ 2021 $ (4) Units-of-output: Year Accumulated Depreciation 2019 $ 2020 $ 2021 $ e Textbook and Media Which depreciation method would minimize net income for the three-year period ending December 31, 2021? e Textbook and Media