Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was five years and the residual value was $3,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production was year 1,1,900 units; year 2, 2,900 units; year 3, 1,900 units; year 4, 1,900 units; and year 5,1,400 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 b 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 Depreciation Book Value $ 28,000 Year Cost At acquisition 1 S $11,200 28,000 11,200 17,920 16,80 6,720 28,000 28,000 28,000 28,000 2 10,080 4