Question 4: On Jan. 1, 2020 Jeddah Company purchased equipment at a cash price of $32,000. The useful life of the equipment is four years. The salvage value is $2000 The total number of productions during the life of the machine is 15,000 units. The production during the life is: Year 2014 2015 2016 2017 Units 4,000 5,000 3,600 2,400 Required: 1- Compute the annual depreciation of the equipment (use units of activity method). Prepare the journal entry to record the depreciation at Dec. 31, 2020. 3- Show the effect on the statement of income statement and financial position (balance sheet) at Dec. 31, 2020.