Raine Industries bought a machine at the beginning of the year at a cost of $24,000. The estimated useful life was five years and the residuat value was $3.000. Required: 1. Complete a depreciation schedule for the straight-line method. 2. Prepare the journal entry to record Year 2 depreciation. Complete this question by entering your answers in the tabs below. Compiete a depreciation schedule for the straight-line method. Journal entry worksheet Record the adjusting entry for depreciation expense for Year 2. Note: Enter debits before credits