On July 1, 2020, Yorkton Company purchased for $450,000 equipment having an estimated useful life of five years with an estimated residual value of $24,000. Depreciation is calculated to the nearest month. The company has a December 31 year-end. Required: Complete the following schedules: (Amount to be deducted should be indicated by a minus sign.) 2020 2021 2022 S 450,000 1. Double-declining-balance method: Equipment Less: Accumulated depreciation Year-end book value Depreciation expense for the year 450,000 $ 90,000 540,000 $ 90,000 $ 450,000 $ 306,000 756,000 $ 216,000 S 450,000 S 2. Straight-line method: Equipment Less: Accumulated depreciation Year-end book value Depreciation expense for the year 02 01 S 01 S 0