Solve the following problems by providing what is asked for each one. Problem 2 Michigan Company acquired a machine on January 1, 2021 that cost $2,700 and had an estimated residual valud of $200. Complete the following schedule using the three methods of depreciation: A.) straight-line, B.) units of production, C) double declining balance. 5 years Method Estimated Useful Life Depreciation Expense for 2022 Accumulated Depreciation 12/31/2022 A. Straight Line 10,000 units (total) B. Units of Production 1,000 units (20x1's actual) 1,200 units (20X2's actual C. Declining Balance 5 years