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 $96,000. It also paid $5,200 for freight on the equipment, $2,900 to prepare the equipment for use in the warehouse, and $1,600 for insurance to cover the equipment during operation in Year 1. The equipment was estimated to have a residual value of $4,900 and be used over three years or 32,000 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 9,600 hours in Year 1;9,000 hours in Year 2; and 10,200 hours in Year 3. 5. On December 31 of Year 2 before the year-end adjustments, the equipment was sold for $30,500. 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. Record the purchase of the equipment, freight, preparation costs, and insurance on January 1 of Year 1 . (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the purchase of equipment, freight, preparation costs, and insurance. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Create a depreciation schedule assuming Pool Corporation uses the straight-line method. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Complete this question by entering your answers in the tabs below. Create a depreciation schedule assuming Pool Corporation uses the double-declining-balance method. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Journal entry worksheet Record the depreciation expense, assuming the company uses the straight-line method. Note: Enter debits before credits. Create a depreciation schedule assuming Pool Corporation uses the units-of-production method, with actual production of 9,600 hours in Year 1; 9,000 hours in Year 2; and 10,200 hours in Year 3 . (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Journal entry worksheet Record the disposal of equipment assuming the company used the straight-line method. Note: Enter debits betore credts