Reporting and Analyzing Long Lived Assets - Depreciation (approx. 10 minutes) Healthy Herbs Ltd. purchased a packaging machinery for their herbal tea selections. The machinery cost $325,000 on January 2, 2018. The new equipment has an estimated residual value of $5,000 and an estimated useful life of either five years or 80,000 units. Healthy Herbs uses the double-diminishing balance method (i.e. the straight line rate multiplier is 2). Their business year ends on December 31. Instructions: (Note: Provide your answers in plain numbers (no $-sign, no commas, no spaces, no thousand-separators etc) Blank #1: Which amount will be depreciated in the first year (2018)? Blank #2: What is the carrying amount of this packaging equipment after the first year (2018)? Blank #3: Which amount will be depreciated in the second year (2019)? Blank #4: What is the carrying amount of this packaging equipment after the second year (2019)? Blank #5: If Healthy Herbs would sell the machinery on December 2019 for $150,000, would they make a gain or a loss? (Note: Type either the word "gain" or the word "loss" without additional text or quotation marks) Blank #6: How much is the gain or loss determined in #5