E9-7 (Algo) Computing and Recording Units-of-Production Depreciation [LO 9-3] Yazzie Incorporated bought a machine at the beginning of the year at a cost of $26,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productive life of the machine is 12,000 units. Expected annual production was year 1, 2,400 units; year 2, 3,400 units; year 3, 2,400 units; year 4, 2,400 units; and year 5, 1,400 units. Required:

Complete a depreciation schedule for the units-of-production method. Prepare the journal entry to record Year 2 depreciation.

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.)

please answer in detail