Question 3 (0.5 points) Herasa Manufacturing purchased a new machine on Jan 1, 20X1 that was built to perform one function on its assembly line. Data pertaining to this new machine are: Cost $530,000 Residual value (salvage) $24,000 Estimated service life 3 years Production output 400,000 units Using double declining method, what is the first year's depreciation expense? Enter your response rounded to whole numbers, no commas and no dollar signs. Your Answer: Answer Question 4 (0.5 points) Burton Inc. has two classes of stock, 11% $100 par cumulative Preferred Shares and $3 par Common Shares. The equity section shows: Common stock, $3 par value, 1,000,000 shares authorized and __?___shares issued..............$510,000 Paid in capital in excess of par value............. ...........$239,000 At what average price was the common shares issued? Respond rounded to TWO DECIMALS, without a dollar sign and without commas. Your