Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $35,000. The estimated useful life was five years and the residual value was $3,500. Assume that the estimated productive life of the machine is 10,000 units Expected annual production was year 1, 2,000 units, year 2, 3,000 units: year 3, 2,000 units, year 4 2,000 units, ond year 5, 1000 units Required: 1. Complete a depreciation schedule for each of the alternative methode o. Straight-line b. Units-of-production c. Double-declining balance 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? Complete a depreciation schedule for Straight-line method. (Do not round intermediate calculations.) Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 5 Complete a depreciation schedule for Units-of-production method. (Do not round intermediate calculations. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 Complete a depreciation schedule for Double-declining balance method. (Do not round Intermediate calculations. Round final answers to the nearest whole dollars.) Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition 1 2 3 4 5