Problem 3: Change in Estimate (20 points) The Blue Company purchased a cutting machine on January 1, 2014 for S85,000. The machine was being depreciated on the straight-line method over an estimated useful life of 5 years, with no salvage value At the beginning of 2016, the company changed the estimated useful life to a total of 7 years with $2,000 salvage value. INSTRUCTIONS: Prepare a depreciation schedule for the machine for the years 2014 throughout the entire life of the asset. Include the Depreciation Expense for each year, the Accumulated Depreciation for each year and the Carrying Value for each year