Use the straight line depreciation method and double declining depreciation method to solve the following problems. Once solved, record the journal entry for each problem. For number 3 add the 1st years depreciation to the adjusted trail balance found here: 1. The vehicle cost $35,000, has a useful life of 5 years and salvage value of $3,500. 2. The equipment cost $55,000, has a useful life of 7 years and a salvage value of $8,500. 3. The machinery has a cost of $42,500, has a useful life of 4 years and a salvage value of $6,500. Please submit the journal entries, the monthly depreciation expense, and the updated trial balance. Please use the Straight Line Depreciation answer in the Adjusted Trial balance. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ PCC } \\ \hline \multicolumn{5}{|c|}{ Adjusted Trial Balance } \\ \hline \multicolumn{5}{|c|}{ 31-Jan-23 } \\ \hline & \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{|c|}{ Credit } \\ \hline CASH & $ & 39,650 & $ & - \\ \hline FURNITURE & & 5,000 & & - \\ \hline COMPUTERS & & 15,000 & & - \\ \hline EQUIPMENT & & 1,500 & & - \\ \hline PREPAID INSURANCE & & 2,200 & & - \\ \hline OFFICE SUPPLIES & & 1,300 & & - \\ \hline CLEANING SUPPPLIES & & 400 & & - \\ \hline ACCOUNTS RECIEVABLE & & 2,000 & & - \\ \hline ACCOUNTS PAYABLE & & - & & 21,000 \\ \hline CAPITAL & & - & & 50,000 \\ \hline WITHDRAWL & & 2,450 & & - \\ \hline SERVICE REVENUE & & - & & 2,000 \\ \hline SALES REVENUE & & - & & 2,000 \\ \hline GAS EXPENSE & & 250 & & - \\ \hline RENT EXPENSE & & 4,000 & & - \\ \hline ELECTRICITY EXPENSE & & 750 & & - \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline insurance expense & & 200 & & - \\ \hline Office supply expense & & 200 & & - \\ \hline Cleaning supply expense & & 100 & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline \multirow[t]{2}{*}{ Account Name } & & - & & - \\ \hline & $ & 75,000 & $ & 75,000 \\ \hline \end{tabular} Use the straight line depreciation method and double declining depreciation method to solve the following problems. Once solved, record the journal entry for each problem. For number 3 add the 1st years depreciation to the adjusted trail balance found here: 1. The vehicle cost $35,000, has a useful life of 5 years and salvage value of $3,500. 2. The equipment cost $55,000, has a useful life of 7 years and a salvage value of $8,500. 3. The machinery has a cost of $42,500, has a useful life of 4 years and a salvage value of $6,500. Please submit the journal entries, the monthly depreciation expense, and the updated trial balance. Please use the Straight Line Depreciation answer in the Adjusted Trial balance. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ PCC } \\ \hline \multicolumn{5}{|c|}{ Adjusted Trial Balance } \\ \hline \multicolumn{5}{|c|}{ 31-Jan-23 } \\ \hline & \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{|c|}{ Credit } \\ \hline CASH & $ & 39,650 & $ & - \\ \hline FURNITURE & & 5,000 & & - \\ \hline COMPUTERS & & 15,000 & & - \\ \hline EQUIPMENT & & 1,500 & & - \\ \hline PREPAID INSURANCE & & 2,200 & & - \\ \hline OFFICE SUPPLIES & & 1,300 & & - \\ \hline CLEANING SUPPPLIES & & 400 & & - \\ \hline ACCOUNTS RECIEVABLE & & 2,000 & & - \\ \hline ACCOUNTS PAYABLE & & - & & 21,000 \\ \hline CAPITAL & & - & & 50,000 \\ \hline WITHDRAWL & & 2,450 & & - \\ \hline SERVICE REVENUE & & - & & 2,000 \\ \hline SALES REVENUE & & - & & 2,000 \\ \hline GAS EXPENSE & & 250 & & - \\ \hline RENT EXPENSE & & 4,000 & & - \\ \hline ELECTRICITY EXPENSE & & 750 & & - \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline insurance expense & & 200 & & - \\ \hline Office supply expense & & 200 & & - \\ \hline Cleaning supply expense & & 100 & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline Account Name & & - & & - \\ \hline \multirow[t]{2}{*}{ Account Name } & & - & & - \\ \hline & $ & 75,000 & $ & 75,000 \\ \hline \end{tabular}