Plastic Works Corporation bought a machine at the beginning of the year at a cost of $13,400. The estimated useful life was five years, and the residual value was $2,200. Assume that the estimated productive life of the machine is 11,200 units. Expected annual production was: year 1.3.400 units: year 2. 3.400 units; year 3, 2.200 units: year 4, 1,120 units, and year 5, 1.080 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount.) a. Straight-line. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 1 2 3 4 5 b. Units-of-production. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 c. Double-declining-balance. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation 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 O Units-of-production Straight-line 2-b. Does this higher net Income mean the machine was used more efficiently under this depreciation method? O No Yes