The fact that generally accepted accounting principles allow companies flexibility in choosing between certain allocation methods can make it difficult for a financial analyst to compare penodic performance from firm to firm. Suppose you were a financial analyst trying to compare the performance of two companies Company A uses the double-decliningbalance depreciation method. Company B uses the straight-line method You have the following information taken from the 12/31/2021 year-end financial statements for Company B You also determine that all of the assets constituting the plant and equipment of Company B were acquired at the same time, and that all of the \\( \\$ 280,000 \\) represents depreciable assets. Also, all of the depreciable assets have the same useful life and residual valueI Iare zero. Required: 1. In order to compare performance with Company A estimate what B's depreciation expense would have been for 2021 if the doubledeclining-balance depreciation method had been used by Company B since acquisition of the depreciable assets. 2. If Company B decided to switch depreciation methods in 2021 from the straight line to the double-declining-balance method, prepare the 2021 joumal entry to record depreciation for the year, assuming no joumal entry for depreciation in 2021 has yet been recorded