On July 1, 2020, Yorkton Company purchased for $456,000 equipment having an estimated useful life of five years with an estimated residual value of $25,000. 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 1. Double-declining-balance method: Equipment Less: Accumulated depreciation $ 420,000 $ 420,000 299,040 420,000 $ 218,400 638,400 $ 134,400 $ Year-end book value 84,000 504,000 $ 84,000 $ $ 719,040 Depreciation expense for the year 134,400 2. Straight-line method: Equipment Less: Accumulated depreciation Year-end book value $ 0 $ 0 $ 0 Depreciation expense for the year