Apply the Concepts

THE ANSWER IS NOT $240,000$ and $870,000$ SO STOP PUTTING THAT AS THE ANSWER FIND ANOTHER NUMBER BECAUSE ITS CLEARLY WRONG

A company plans to make a new product that requires new equipment costing $$1,600,000.$ Both the product and equipment have a life of four years. The equipment will be depreciated on a straight$-$line basis, with no expected salvage value. The annual income statement for the product is given below.

$\backslash$table$[[$Revenues$,$$$1,800,000$