Required information [The following information applies to the questions displayed below.] University Car Wash built a deluxe car wash across the street from campus. The new machines cost $237,000, including installation. The company estimates that the equipment will have a residual value of $28,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Year Hours Used 1 2,700 2 2,000 3 2,100 4 1,900 5 1,700 6 2,100 Required: Prepare a depreciation schedule for six years using the straight-line method. Note: Do not round your intermediate calculations