Three different companies each purchased trucks on January 1, 2011, for \(\$ 40,000\). Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be \(\$ 5,000\). All three trucks were driven 66,000 miles in 2011, 42,000 miles in 2012, 40,000 miles in 2013, and 60,000 miles in 2014. Each of the three companies earned \(\$ 30,000\) of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-decliningbalance depreciation, and company \(\mathrm{C}\) uses units-of-production depreciation.

Required
Answer each of the following questions. Ignore the effects of income taxes.

a. Which company will report the highest amount of net income for 2011 ?

b. Which company will report the lowest amount of net income for 2014 ?

c. Which company will report the highest book value on the December 31 , 2013, balance sheet?

d. Which company will report the highest amount of retained earnings on the December 31, 2014 , balance sheet?

e. Which company will report the lowest amount of cash flow from operating activities on the 2013 statement of cash flows?