Raine Industries bought a machine at the beginning of the year at a cost of $40,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productive life of the machine is 19,000 units. Expected annual production was year 1, 3,800 units; year 2, 4,800 units; year 3, 3,800 units; year 4, 3,800 units; and year 5, 2,800 units. Required: 1. Complete a depreciation schedule for the units-of-production method. 2. Prepare the journal entry to record Year 2 depreciation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the units-of-production method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.) Year Income Statement Depreciation Expense Balance Sheet Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5