16. On January 1 of Year 1, Harry Company purchased a piece of equipment for $200,000. The estimated life of the equipment is 10 years. Harry estimates that the equipment can be sold for $60,000 at the end of its life. Harry Company uses double-declining balance depreciation For Year 2 (the SECOND year), Harry Company's net income was $100,000. What would Harry Company's net income have been in Year 2 (the SECOND year) assuming that Harry Company had initially (on January 1, Year 1) decided NOT to use double-declining balance depreciation but had instead used straight-line depreciation? Note: Ignore income taxes. A. $132,000 B. S118,000 C. 586,000 D. S64,000 E. S104,000