Robin Company purchased a new piece of manufacturing machinery on January $2,2022.$ The machine had a total cost of $$392,000$ and an estimated salvage value of $$125,000.$ Its useful life is estimated to be $10$ years; over its life, it should produce $2,000,000$ units of product. During $2023,$ the machine produced $185,000$ units.

Required:

Show calculations on tab $"$P $4"$ for the amount of depreciation expense Robin will recognize in $2023$ under straight$-$line, units$-$ofproduction, and double$-$declining depreciation methods. Depreciation was recorded normally for $2022.$ You are calculating depreciation for the second year in the machine's life.

$5.$ For the most recent two$-$week pay period, Company Sparrow had a single employee: Mark. Mark's salary for the period was $$4,600.$ Federal Income Tax withholding for the period is $$1,080$; state withholding is $$252.$ Social Security and Medicare are withheld at $6\mathrm{.}2\%$ and $1\mathrm{.}45\%$ respectively. Mark's earnings for the year to date are $$67,000.$ Mark has also authorized Sparrow to withhold a retirement contribution of $$1,000$ per pay period and a charitable contribution of $$90.$

Required:

Use tab $"$P $5"$ to prepare the journal entry to record the payroll expense for this period. This entry should include Mark's net pay.

Prepare the journal entry to record the payroll taxes for this period. Company Sparrow has made all the unemployment tax payments it is required to make for this year.