Torge Company bought a machine for $68,900 cash. The estimated useful life was five years, and the estimated residual value was $6,300. Assume that the estimated useful life in productive units is 156,500. Units actually produced were 41,300 in year 1 and 46,950 in year 2 Required: 1. Determine the appropriate amounts to complete the following schedule. Depreciation Expense for Year 1 Year 2 Book Value at the End of Year 1 Year 2 Method of Depreciation Straight-line Units-of-production Double-declining-balance 2-a. Which method would result in the lowest net income for Year 1? Double-declining-balance Units-of-production Straight-line 2-b. Which method would result in the lowest net income for Year 2? Units-of-production Double-declining-balance Straight-line 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Units-of-production Double-declining-balance Straight-line