Plastic Works Corporation bought a machine at the beginning of the year at a cost of $16.550. The estimated useful life was five years, and the residual value was $2,650. Assume that the estimated productive life of the machine is 13,900 units. Expected annual production was: year 1,4,300 units: year 2.4,300 units; year 3, 2650 units; year 4.1.390 units, and year 5.1.260 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount.) o. Straight-ine Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition 1 2 3 4 5 b. Units-of-production Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition 1 2 5 c. Double-declining-balance. Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition 1 2 3 4 2-a. Which method will result in the highest net income in year 2? Double-declining balance Units-of-production Straight-line 2-b. Does this higher net income mean the machine was used more efficiently under this depreciation method? No Yes