XYZ Purchased a Machine That Cost $62,000; the Estimated Residual

XYZ purchased a machine that cost $62,000; the estimated residual value is $2,000.The following data are available at the end of the first year of use: $\begin{array}{|l|l|}\hline \text { Estimated Life } & \text { Utilization During First Year } \\\hline \mathbf{5} \text { years } & \text { One year } \\\hline \mathbf{1 , 5 0 0 , 0 0 0} \text { service hours } & \mathbf{3 1 0 , 0 0 0} \\\hline \mathbf{3 0 0 , 0 0 0} \text { production units } &\mathbf{5 0 , 0 0 0} \\\hline\end{array}$ Based on the forgoing data,complete the following tabulation.Show computations. $\begin{array}{|ccc|}\hline & \text { Method } & \text { Amortization Expense First } \\\hline & & \text { Year } \\\hline A&\text { Straight-line }&\$\_\_\_\_\_\\\hline\end{array}$ $\text { B) Sum-of-the-years'-digits... }\quad\quad\quad\quad\$\_\_\_\_$ $\text { C) Senice hours. }\quad\quad\quad\quad\$\_\_\_\_$ D $\quad$ Declining balance. $\quad$$\quad$$\$\_\_\_$ E $\quad$ Productive output. $\quad$$\quad$$\$\_\_\_$