Problem 9-25 Operating Cash Flows (L03) Talia's Tutus bought a new sewing machine for $85,000 that will be depreciated over 5 years using double-declining-balance depreciation with a switch to straight-line. Required: a. Find the depreciation charge each year. b. If the sewing machine is sold after 3 years for $35,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%? Complete this question by entering your answers in the tabs below. Required A Required B Find the depreciation charge each year. Year 1 Depreciation $ 34,000 20,400 2 3 4 5