please answer the following question

Problem 9-09A Swifty Corporation purchased machinery on January 1, 2022, at a cost of $294,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $34,400. 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. STRAIGHT-LINE DEPRECIATION Computation End of Year Years Depreciable Cost x Depreciation Rate = Annual Depreciation Expense Accumulated Depreciation Book Value 2022 $ 294000 25 % $ 73500 2023 220500 25 % 73500 2024 147000 25 % 73500 2025 25 % 73500