Walker Company purchased machinery for $78,000 on January 1, 2025. It is estimated that it will have a useful life of 10 years, salvage value of $3,000, and production of 150,000 units. Wmith uses the machinery to produce 12,500 units in 2025 and 14,000 units in 2026. 1. Using straight-line depreciation, prepare the adjusting entry for depreciation on December 31, 2025. 2. Compute the amount of depreciation that would be recorded for the year 2026 using each of the following methods. Show your calculations; round to whole dollars; place answers on spaces provided. a) Units-of-production method b) Sum-of-the-years'-digits method c) Double declining balance method