Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $37,000. The estimated useful life was five years and the residual value was $4,500. Assume that the estimated productive life of the machine is 20,000 units. Expected annual production was year 1, 4,600 units; year 2, 5,600 units; year 3, 4,600 units; year 4, 4,600 units; and year 5,600 units. Required: 10 points 1. Complete a depreciation schedule for each of the alternative methods a. Straight-line b. Units-of-production c. Double-declining-balance. Skipped 2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more efficiently under this depreciation method? Print References Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 1C Req 2A Req 2B Complete a depreciation schedule for Straight-line method. (Do not round intermediate calculations.) Income Statement Depreciation Expense Balance Sheet Accumulated Book Value Depreciation Year Cost At acquisition 4 Req 1A Req 1B > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2A Req 2B Complete a depreciation schedule for Units-of-production method. (Do not round intermediate calculations.) Income Statement Balance Sheet Depreciation Expense Year Cost Depreciation Book Value At acquisition 4 Req 1A Req 1C Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2A Req 2B Complete a depreciation schedule for Double-declining-balance method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.) Income Statement Balance Sheet Depreciation Expense Cost Year Depreciation Book Value At acquisition 2 4 Req 1B Req 2A Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2A Req 2B Which method will result in the highest net income in year 2? O Units-of-production Double-declining-balance Straight-line K Req 1C Req 2B > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2A Req 2B Does this higher net income mean the machine was used more efficiently under this depreciation method? Yes No Req 2A Req 2B