Required information The following information applies to the questions displayed below) At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $170,000. It is expected to have a five-year life and a $30,000 salvage value. b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double- declining balance methods in a financial statements model. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), a financing activity (FA) and net change in cash (NC). Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) nces Balance Sheet COPELAND DRUGSTORE Horizontal Statements Model Income Statement Stockholders' Equity Retained Revenue - Expenses - Income Earnings Assets Net Statement of Cash Flows Cash Book Value of Computer (170,000) + 170,000 - Straight-Line Depreciation (170,000) A Double-Declining-Balance Depreciation + =