Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $27,000. The equipment has an estimated residual value of$1,500. The equipment is expected to process 255,000 payments over its three-year useful life. Peryear, expected payment transactions are 61,200, year 1; 140,250, year 2; and 53,550, year 3.Required:Complete a depreciation schedule for each of the alternative methods.1. Straight-line.2. Units-of-production.3. Double-declining-balance

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