Required information Exercise 8-9A Computing and recording straight-line versus double-declining-balance depreciation LO 8- 2, 8-3 [The following information applies to the questions displayed below.) At the beginning of Year 1, 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 8-9A Part 6 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. (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). Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) COPELAND DRUGSTORE Horizontal Statements Model Balance Sheet Income Statement Stockholders Assets Equity Net Book Value Revenue - Expenses Cash Retained Income of Computer Earnings 210,000 Straight Une Depreciation Statement of Cash Flows (210,000) OA Double Decinino-falance Depreciation