Solar Innovations Corporation bought a machine at the beginning of the vear 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 1B Req 1C Reg 2A Reg 28 Complete a depreciation schedule for Units-of-production method. (Do not round intermediate calculations.) Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Book Value Depreciation At acquisition Homework efficiently under this depreciation method? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 1C Reg 2A Reg 2B Complete a depreciation schedule for Units-of-production method. (Do not round Intermediate calculations.) Book Balance Sheet Ask Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value Print At acquisition erences Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Reg 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 At acquisition 2 5 NOTK Saved 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 1B Reg 10 Req 2A Req 28 Which method will result in the highest net income in year 2? O Units-of-production Double-declining balance Straight-line O ( Res 10