Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $40,000. The estimated useful life was five years and the residual value was $4,500. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production for year 1, 2100 units: year 2 3,100 units: year 3, 2100 units: year 4. 2,100 units; and year 5, 600 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Do not round Intermediate calculations.) a. Straight-line. Balanod Bhoot Income Statement Dopraolation Expono Year Cost Acoumulated Deproolation Book Value At acquisition 1 2 3 4 5 b. Activity-based Balance shoot Income statement Depreciation Expence YOS Cott Accumulated Depreciation Book Value c. Double-declining balance. Balando Shoot Income atatamant Deproolation Exponta Cost Aboumulated Dopraolation Book Value At acquisition 1 2 3 4 5 2.a. Which method will result in the highest net income in year 2? Units-of-production Straight-line O Double-declining-balance 2-b. Does this higher net income mean the machine was used more efficiently under this depreciation method? Yes NO