Torge Company bought a machine for $71,000 cash. The estimated useful life was five years, and the estimated residual value was $7,000. Assume that the estimated useful life in productive units is 160,000 . Units actually produced were 42,000 in year 1 and 48,000 in year 2 . Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for Year 1? Straight-line Units-of-production Double-declining-balance 2-b. Which method would result in the lowest net income for Year 2? Units-of-production Straight-line Double-declining-balance 3. Which method would result in the lowest fixed asset turnover ratio for year 1 ? Double-declining-balance Straight-line Units-of-production