You start an earth moving company and purchase a bulldozer with the following data: Cost of the Dozer, I $200,000 Useful life, N 7 years Salvage Value, s $50,000 Compute the annual depreciation and resulting book values (depreciation schedules) using: a) The Straight-Line Depreciation Method (7 pts) b) The double-declining-balance method (7 pts) You are attempting to forecast your taxes for next year. Assume you use the straight-line yearly depreciation value you calculated above, are expecting $100,000 in revenue, and have $17,500 in operating costs for the year. c) Write the formula to calculate your Taxable income for the year (4 pts) d) Assuming your corporate tax rate is 21%, how much will you pay in taxes? (2 pts)