Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Estimates Machine Life Residual Value Depreciation Method A 5 years $ 2,200 Straight-line B 20,000 hours 1,800 Units-of-production C 10 years 1,700 Double-declining-balance