E8-14 (Algo) Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods LO8-3, 8-7 Schrade Company bought a machine for $98,000 cash. The estimated useful life was four years and the estimated residual value was $6,040. Assume that the estimated useful life in productive units is 121,000 . Units actually produced were 44,000 in Year 1 and 46,000 in Year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest Earnings per Share for Year 1? 2-b. Which method would result in the lowest Earnings per Share for Year 2? 3. Which method would result in the highest amount of cash outflows in Year 1? Determine the appropriate amounts to complete the following schedule. Note: Do not round your intermediate calculations