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Problem One: 10 points Lockley Corporation purchased machinery on January 1, 2018. The following details relate to the acquired machinery: Purchase price: Cash $70,000 plus a Notes Payable $40,000 (present value of the note was $35,000) Estimated Residual Value $5,000 Estimated Useful Life 10 Years REQUIREMENT: Based on the information provided above, answer the questions below: Assuming the company uses straight-line method to depreciate its assets how much depreciation will be recorded on December 2018. Enter only the amounts without $ sign or commas Assuming the company uses straight-line method to depreciate its assets how much depreciation will be recorded on December 2019. Enter only the amounts without $ sign or commas Assuming the company uses the double-declining method to depreciate its assets how much depreciation will be recorded on December 2018. Enter only the amounts without $ sign or commas Assuming the company uses the double-declining method to depreciate its assets how much depreciation will be recorded on December 2019. Enter only the amounts without S sign or commas Assuming the company uses the sum-of-the-years digits method to depreciate its assets how much depreciation will be recorded on December 2018. Enter only the amounts without Ssien or commas