Torge Company bought a machine for $78,000 cash. The estimated useful life was five years and the estimated residual value was $6,000. Assume that the estimated useful life in productive units is 168,000. Units actually produced were 44,800 in year 1 and 50,400 in year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.) 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? Straight-line Double-declining-balance Units-of-production 2-b. Which method would result in the lowest net income for year 2? Straight-line Units-of-production Double-declining-balance 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Straight-line Double-declining-balance Units-of-production