E9-7 Computing Depreciation under Alternative Methods [LO 9-31 Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $27,000. The equipment has an estimated residual value of $1,500. The equipment is expected to process 255,000 payments over its three-year useful life. Per year, expected payment transactions are 61,200 year 1: 140,250 year 2, and 53,550, yoar 3 Required: Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) 1. Straight-line Balance Sheet Cost Accumulated Book Depreciation Value Income Statement Year Depreciation Expense At acquisition 1 2 3 2. Units-of-production Balance Sheet Cost Accumulated Book Depreciation Value Income Statement Year Depreciation Expense At acquisition 1 2 3 3. Double-declining balance. Income Statement Depreciation Expense At acquisition Year Balance Sheet Accumulated Book Cost Depreciation Value 2 3