Plastic Works Corporation bought a machine at the beginning of the year at a cost of $17.250. The estimated useful life was five years. and the residual value was $2,750. Assume that the estimated productive life of the machine Is 14,500 units. Expected annual production was: year 1, 4.500 units, year 2,4.500 units, year 3.2750 units; year 4, 1,450 units; and year 5. 1300 unts, Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as posltive amount.) a. Straight-line Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 5 b. Units of production Balance Sheet income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value Al acquisition 1 2 2 4 c. Double-declining balance Income Balance Sheet Year Depreciation Expense Cost Accumulated Depreciation Book Value Atquisition 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? O Double-declining-balance Straight-line O Units-of-production 2.b. Does this higher net income mean the machine was used more efficiently under this depreciation method? Yes ONO