Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. Assume the estimated productive life was five years and the residual value was $2,000. 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; and year 5. 1,000 units.. Required: 1. Complete a depreciation schedule for the units-of-production method. 2. Prepare the journal entry to record Year 2 depreciation. Complete a depreciation schedule for the units-of-production method. Income Statement Balance Sheet Year Depreciation Expense Accumulated Cost Book Depreciation Value At acquisition $ 22,000 1 $ 4,000 S 22,000 $ 4,000 $ 18,000 2 S 4,000 $ 18,000 $ 8,000 $14,000 3 4 5 S 4,000 $ 12,000 $ 12,000 $ 10,000x 69 4,000 S9 $ 8,000 $ 16,000 $ 6,000 x S 4,000 $ 4,000 S 2,000 $ 2,000 Required 1 Required 2 > Prepare the journal entry to record Year 2 depreciation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Transaction General Journal Debit Credit