Pina Corporation purchased machinery on January 1,2022 , at a cost of $274,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $32,400. The company is considering different depreciation methods that could be used for financial reporting purposes. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. Pina Corporation purchased machinery on January 1,2022 , at a cost of $274,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $32,400. The company is considering different depreciation methods that could be used for financial reporting purposes. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. (b1) Which method would result in the higher reported 2022 income? (b2) Which method would result in the highest total reported income over the 4-year period? eTextbook and Media (c1) Which method would result in the lower reported 2022 income? (c2) Which method would result in the lowest total reported income over the 4-year period