QUESTION $2(15$ marks$)$A new machine costs $$120,000,$ has an estimated useful life of four years and an estimated residual value of $$50,000.$ It is expected that the machine will produce $160,000$ widgets during its useful tie.The Porky Pig Company $($PPC$),$ which has a December $31$ fiscal year$-$end, purchased this macade on March $1,2022.$ During $2022$ and $2023,$ the annual production of widgets was $80,000$ units and $50,000$ units, respectively. On July $1,2024,$ the machine was sold for $$65,000.$Required: SHOW YOUR WORK. ROUND YOUR ANSWERS TO THE CLOSEST DOLLAR$1.$ Calculate the amortization expense for each of the first two years$-$ i$.$e$.,$ for the year ending December $31,2022$ and for the year ending December $31,2023-$ using the:$($a$)$ straight$-$line method $(3$ marks$)20222023($b$)$ double$-$declining$-$balance method $(6$ marks$)20222023$