SITUATION OF DEPRECIATION METHODS - 30 points Emmanual Company acquired a new machine on May 1, 2024, at a cost of $142,200. The machine has an estimated salvage value of $2,200 at the end of it 8-year useful life. The machine produced 110,000 units and using 100,000 hours during the 8-year of useful life. Information for first year of operations: 25,000 units 20,000 hours 1. Calculate and record journal entries depreciation expenses using SLM for Year 2024. 2. Assume using SLM, what is the book value of the machine at Dec 31, 2025? 3. Assume using SLM, sold the machine at Jan 1, 2026 for $135,000. Record this sales. Calculate depreciation expenses using DDBM for year 2024. 5. Calculate depreciation expenses using unit of production for year 2024. 6. Calculate depreciation expenses using hours for year 2024. Remember - demonstration procedures and formulas, please