Apwwpe each of the fotarwitg uustroms ignare the effects of herane fanes. Redueed 87. Galculate the net incorne for Yeid 1 a-2. Whach company adil hepot the highest encure of nal incone for vese tt b-1, Calculme the net keciore for Vee 4 b-2. Which com tieny will repont the lowest amouer of not incomt for Year 4 ? cemplete the opevilin try ereceiny yeter asewers is the rates feime Three dfferent comparees esch purchased thicks on Winoary I, Year 1, for $56.000. Each thuck w 250,000 miles. Silvage value was entinated to be 55,000 . Al tree trucks were diven 71000m 43,000 mates in Year 3 , and 72,000 mines in Vear 4 Each of the Ereet compurlies eamed 545,000 four years Compary A uses stralglts Aine depr eclater, congamy Buses double-declining-balance units-al-production depreciation. Arswer each of the following questions bonore the eflcts of income faxes Required a-1. Calculate the net income for Yhar 1 . a-2. Which company will report the highes amoun of bet income for heir t? b-1. Calculate the ned income for Year 4 b-2. Which company will report the loweta amourt of net incone for tear 4 ? c-1, Calculghe the book value on the Detember it, vear 3 , bulunct iteet c.2. Which company will report the highest book value on the Dectseer 31, Near 3, balance sheer? d-1. Caiculdte the retared earningr on the December 3t, Heor 4, balance sheet d-2. Which company wili report the highest amount of nesansed wieninge on the Deceember at, year 4 hch purchased trucks on January I Year 1, tai $56;000. Each tuck was monethd to last four yeirs or 22.000 mues in Year 4 Each of the thee compories earned 545,000 ar cash menos dating each of the straight line depreciabion, company fil uses double-decleang bubance depredition and compeny C unes tion. g questions lenore the eflects of incene takes he for Yeat 1. port the highest amount of net income toe year te tor Year 4 port the lowest amours, of net ncone lor Yeir a? ve on the Dekember 31 , vear 1 , balvice sheet. fearnings on the Decenter at Year A, balance shept In by entering vour anseuss in the tabe teriem