Swanson & Hiller, Inc., purchased a new machine on September 1 of the current year at a cost of $139,000. The machine's estimated useful life at the time of the purchase was five years, and its residual value was $9,000. The company reports on a calendar year basis. Required: a-1. Prepare a complete depreciation schedule, beginning with the current year, using the straight-line method. (Assume that the half- year convention is used). a-2. Prepare a complete depreciation schedule, beginning with the current year, using the 200 percent declining-balance method (Assume that the half-year convention is used). a-3. Prepare a complete depreciation schedule, beginning with the current year, using the 150 percent declining-balance, switching to straight-line when that maximizes the expense. (Assume that the half-year convention is used) b. Which of the three methods computed in part a is most common for financial reporting purposes? c. Assume that Swanson & Hiller sells the machine on December 31 of the fourth year for $30,500 cash. Compute the resulting gain or loss from this sale under each of the depreciation methods used in part a Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Req C Prepare a complete depreciation schedule, beginning with the current year, using the straight-line method. (Assume that the half-year convention is used) Year eciation Acc Book Value Reci A Req A2