Martinez Corporation purchased machinery on January 1, 2022, at a cost of $268,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $31,800. The company is considering different depreciation methods that could be used for financial reporting purposes. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION Computation Years Depreciable Cost Depreciation Rate Annual Depreciation Expense 2022 $ Acci $ 2023 % 2024 % 2025 % DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Book Value Beginning of Year Years Depreciation Rate Annual Depreciation Expense ACCI 2022 25 S 2023 2024 %6 2025 96 1.700 IGHT-LINE DEPRECIATION Annual Depreciation Expense End of Year Accumulated Depreciation Book Value $ $ $ $ $ DECLINING-BALANCE DEPRECIATION End of Year Annual Depreciation Expense Accumulated Depreciation Book Value 3% $ $ $ % I 1,700 (61) Which method would result in the higher reported 2022 income? (b2) Which method would result in the highest total reported income over the 4-year period? e Textbook and Media (c1) Which method would result in the lower reported 2022 income? (c2) Which method would result in the lowest total reported income over the 4-year period