Rowland Manufacturing purchased a new Assembly Macine for exist362,000 at the beginning of year 1. The assembly machine has an estimated residual value of exist20,000 and an estimated useful life of six years. The assembly machine is expected to last 180,000 hours. It was used 45,000 hours in year 1, 40, 200 in year 2, 40, 125 in year 3, 20,000 in year 4, 17, 200 in year 5, and 17, 475 in year 6. 1. Compute the annual depreciation and carrying value for the new assembly machine for each of the six years (round to the nearest dollar where necessary) under each of the following methods: (a) straight-line, (b) production, and (c) double-declining-balance. 2. If the assembly machine is sold for exist115,000 after year 3, what would be the amount of gain or loss under each method? 3. Do the three methods differ in their effect on the company's profitability? Do they differ in their effect on the company's operating cash flows? Explain 4. On the supplied blank general journal make the appropriate entry to reflect the sale of the machine using the straight line method as stated in Requirement #2. No date is necessary. Provide a brief explanation