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Required information of 3 [The following information applies to the questions displayed below. Three different companies each purchased trucks on January 1, Year 1, for $50,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 66,000 miles in Year 1, 42,000 miles in Year 2, 40,000 miles in Year 3, and 60,000 miles in Year 4. Each of the three companies earned $40,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double- declining-balance depreciation, and company C uses units-of-production depreciation. :21:57 Answer each of the following questions. Ignore the effects of income taxes. b-1. Calculate the net income for Year 4 b-2. Which company will report the lowest amount of net income for Year 4? sok nt Complete this question by entering your answers in the tabs below. nces Required B1 Required B2 Calculate the net income for Year 4. (Round your "Per Unit Cost" to 3 decimal places.) Net Income Company A Company B Company C Required8 Required B2 Required information The following information applies to the questions displayed below.] of 3 Three different companies each purchased trucks on January 1, Year 1, for $50,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 66,000 miles in Year 1, 42,000 miles in Year 2, 40,000 miles in Year 3, and 60,000 miles in Year 4. Each of the three companies earned $40,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double- declining-balance depreciation, and company C uses units-of-production depreciation. D22137 Answer each of the following questions. Ignore the effects of income taxes. b-1. Calculate the net income for Year 4 b-2. Which company will report the lowest amount of net income for Year 4? ook Print Complete this question by entering your answers in the tabs below. -nces Required E2 Required B1 Which company will report the lowest amount of net income for Year 4? Which company wil report the lowest amount of net income for Year 4?