Pool Corporation, Incorporated, 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 $82,800. It also paid $7,400 for freight on the equipment, $6,700 to prepare the equipment for use in the warehouse, and $1,700 for insurance to cover the equipment during operation in Year 1. The equipment was estimated to have a residual value of $8,700 and be used over three years or 29,400 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 9,800 hours in Year 1; 9,200 hours in Year 2; and 10,400 hours in Year 3. 5. On December 31 of Year 2 before the year-end adjustments, the equipment was sold for $31,200. 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 Record the purchase of the equipment, freight, preparation costs, and insurance on January 1 of Year 1. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet

Pool Corporation, Incorporated, is the world's largest wholesale distributor of swimming pool supplies and equlpment. Assume Pool Corporation purchased for cash new loading equipment for the warehouse on January 1 of Year 1 , at an involce price of $82,800. It also paid $7,400 for freight on the equipment, $6,700 to prepare the equipment for use in the warehouse, and $1,700 for insurance to cover the equipment during operation in Year 1. The equipment was estimated to have a residual value of $8,700 and be used over three years or 29,400 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 stralight-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 9,800 hours in Year 1;9,200 hours in Year 2; and 10,400 hours in Year 3 . 5. On December 31 of Year 2 before the year-end adjustments, the equipment was sold for $31,200. 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 . Note: 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. Create a depreciation schedule assuming Pool Corporation uses the straight-line method. Note: Do not round intermediate calculations. Round your final answer to nearest whole Create a depreciation schedule assuming Pool Corporation uses the double-declining-balance n Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar. Create a depreciation schedule assuming Pool Corporation uses the units-of-producti 9,800 hours in Year 1; 9,200 hours in Year 2; and 10,400 hours in Year 3. Note: Do not round intermediate calculations. Round your final answer to nearest wh Journal entry worksheet Record the depreciation expense, assuming the company uses the straight-line method. Note: Enter debits before credits