Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. The estimated useful life was five years and the residual value was $2,000. 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; and year 5, 1.000 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. a. 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 this question by entering your answers in the tabs below. Reg 1A Reg 18 Req 1C Req 2A Reg 28 Complete a depreciation schedule for Straight-line method. (Do not round intermediate calculations.) Income Statement Depreciation Expense Year Balance Sheet Accumulated Depreciation Coat Book Value At acquisition 1 2 3 4 5 Roa 10 Reg 18 > Complete this question by entering your answers in the tabs below. Req 1A Ref. 18 Req 10 Reg 2A Reg 26 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 Al acquisition 1 2 4 5 Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Req 2A Reg 2B Complete a depreciation schedule for Double-declining-balance method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.) Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value Al acquisition 1 2 3 4 5 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 Req 2A Reg 2B Which method will result in the highest net income in year 2? Units-of-production Double-declining balance Straight-line Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 1c Req 2A Req 28 Does this higher net income mean the machine was used more efficiently under this depreciation method? Yes No ( Req 2A