Plastic Works Corporation bought a machine at the beginning of the year at a cost of $22,150. The estimated useful life was five years, and the residual value was $3,450. Assume that the estimated productive life of the machine is 18,700 units. Expected annual production was: year 1, 5,900 units; year 2, 5,900 units; year 3, 3,450 units; year 4, 1,870 units; and year 5, 1,580 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount.) a. Straight-line. Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition 2 b. Units-of-production. Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition c. Double-declining-balance. Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition 2-a. Which method will result in the highest net income in year 2? Straight-line Units-of-production Double-declining balance 2-a. Which method will result in the highest net income in year 2? Straight-line Units-of-production Double-declining-balance 2-b. Does this higher net income mean the machine was used more efficiently under this depreciation method? No Yes