$20222023$Firm APP&E$,$ netPP&E$,$ net$1,000,000820,00020222023$Firm BPP&E$,$ netPP&E$,$ net$1,000,000600,000$Firms A and B are essentially identical having made the same operating, investing and financing decisions.Neither firm engages in any investing activities during $2023\mathrm{.}1.$ Does one firm have higher income than the other in $2023?$ Why?$2.$ Assuming both firms make the same operating and financing decisions over the foreseeable future and neither firm engages in investing activity, will the same firm continue to have higher income for the foreseeable future $($say each ear $2024-2030)?$ Why?$3.$ With the same assumptions, which firm will have the higher total income over the foreseeable future $($say$2024-2030$ inclusive$)?$