The company that purchased the asset above had the following gross income using this paver. Compute their net income assuming that depreciation is their only expense and compute the tax they need to pay, given that they are in a 31% tax bracket (they pay 31% tax on their net income-gross income -deductions). Year 1 2 3 4 5 6 Gross Income 580,000 650,000 420,000 35,000 (a bad year for sales) 190,000 70,000