Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Tory Enterprises pays $244,400 for equipment that will last five years and have a $44,200 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,100 annually, after deducting all expenses except depreciation. Exercise 8-9 Straight-line depreciation and income effects LO P1 Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming straight-line depreciation is used. Year 1 Year 2 Year 3 Year 4 Year 5 Totals Answer is complete but not entirely correct. Income Before Depreciation Depreciation Expense $ S 89,100 89,100 89,100 89,100 89,100 445,500 $ Net (Protax) Income 97,760$ (8,660) 30,444 53,906 80,510 89,100 $245,300 58,656 35,194 8,500 00 $ 200,200