Analyze the following two separate scenarios. $10$ years with no residual value. At December $31$ of Year $4,$ it has been determined that the estimated total useful life is $6$ years instead of $10.$

For equipment #$1$A$,$ provide the required adjusting entry for depreciation expense at December $31$ of Year $4.$

$\backslash$table$[[$Date$,$Account Name,,Dr$.,$Cr$.],[$Dec$.31,$ Year $4,$Depreciation Expense,V$,1,600,0],[,$Accumulated Depreciation,V$,0,1,600],[,$To record deprecaiation,,,$]]$

would have been $$108,000.$

In reporting comparative income statements in Year $8,$ what net income amount is presented for Year $7?$

$$