Required information Exercise 6-9 Computing and recording straight-line versus double-declining-balance depreciation LO 6-2 6-3 (The following information applies to the questions displayed below.) At the beginning of 2018, Copeland Drugstore purchased a new computer system for $210,000. It is expected to have a five-year life and a $30,000 salvage value. Exercise 6-9 Part b b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double- declining-balance methods in a financial statements model like the following one. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), a financing activity (FA) and net change in cash (NC). If an element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign.) -5 COPELAND DRUGSTORE Horizontal Statements Model Balance Sheet Income Statement Assets Stockholders' Equity Net Book Value of Revenue - Expenses Income Computer Retained System Earnings Statement of Cash Flows Cash Straight-Line Depreciation - Double-Declining-Balance Depreciation 1+1