E9-7 (Algo) Computing and Recording Units-of-Production Depreciation (LO 9-3) Mittal Companies bought a machine at the beginning of the year at a cost of $35,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productive life of the machine is 16,500 units. Expected annual production was year 1.3.300 units; year 2.4,300 units; year 3,3,300 units; year 4, 3,300 units; and year 5, 2.300 units. Required: 1. Complete a depreciation schedule for the units-of-production method. 2. Prepare the journal entry to record Year 2 depreciation Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the units-of-production method. (Do not round Intermediate calculations. Round final answers to the nearest whole dollars.) Balance Sheet Year Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 Required Required 2 > Prepare the journal entry to record Year 2 depreciation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record the adjusting entry for depreciation expense for Year 2. Note: Enter debits before credits Transaction Debit Credit General Journal Depreciation Expense Accumulated Depreciation Equipment