Required information [The following information applies to the questions displayed below) Cheetah Copy purchased a new copy machine. The new machine cost $138,000 including installation. The company estimates the equipment will have a residual value of $34,500. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Hours Used 2.000 2.000 2,000 3,600 Year 1 2 3 4 Required: 1. Prepare a depreciation schedule for four years using the straight-line method (Do not round your intermediate calculations.) CHEETAH COPY Depreciation ScheduleStraight-Line End of Year Amounts Year Depreciation Accumulated Expense Depreciation Book Value 1 $ 25,875 2 25,875 3 25,875 4 25,875 Total $ 103,500