Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment. Assume Pool Corporation purchased for cash new loading equipment for the warehouse on January 1 of Year 1, at an invoice price of $102.000. It also paid $6,000 for freight on the equipment, $3,300 to prepare the equipment for use in the warehouse, and $1,800 for insurance to cover the equipment during operation in Year 1 The equipment was estimated to have a residual value of $5,300 and be used over three years or 34,000 hours Required: 1. Record the purchase of the equipment, freight, preparation costs, and insurance on January 1 of Year 1. 2. Create a depreciation schedule assuming Pool Corporation uses the straight-line method 3. Create a depreciation schedule assuming Pool Corporation uses the double-declining balance method. 4. Create a depreciation schedule assuming Pool Corporation uses the units of production method, with actual production of 10,000 hours in Year 1: 9,400 hours in Year 2: and 10.600 hours in Year 3. 5. On December 31 of Year 2 before the year-end adjustments, the equipment was sold for $32.500. Record the sale of the equipment assuming the company used the straight-line method Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5