\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ BENSEN COMPANY } \\ \hline \multicolumn{10}{|c|}{ Statement of Changes in Stockholders' Equity } \\ \hline \multicolumn{10}{|c|}{ For the Year Ended December 31} \\ \hline & & Year 1 & Year 2 & & Year 3 & & Year 4 & & Year 5 \\ \hline Beginning common stock & & & $25,000 & $ & 25,000 & $ & 25,000 & $ & 25,000 \\ \hline Plus: Stock issued & & 25,000 & & & & & & & \\ \hline Ending common stock & 2 & 25,000 & 25,000 & & 25,000 & & 25,000 & & 25,000 \\ \hline Beginning retained earnings & & & & & & & & & \\ \hline \multicolumn{10}{|l|}{ Net income/(loss) } \\ \hline Ending retained earnings & & 0 & 0 & & 0 & & 0 & & 0 \\ \hline Total stockholders' equity & & $25,000 & $25,000 & $ & 25,000 & $ & 25,000 & $ & 25,000 \\ \hline \end{tabular} Problem 6-25A (Algo) Accounting for depreciation over multiple accounting cycles: straight-line depreciation LO 6-2, 6-5 Bensen Company began operations when it acquired $25,000 cash from the issue of common stock on January 1 , Year 1 . The cash acquired was immediately used to purchase equipment for $25,000 that had a $3,400 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue stream (assume all revenue transactions are for cash). At the beginning of the fifth year, the equipment was sold for $3,880 cash. Bensen uses straight-line depreciation. Required Prepare income statements, statements of changes in stockholders' equity, balance sheets, and statements of cash flows for each of the five years. Complete this question by entering your answers in the tabs below. Prepare income statements for each of the five years. (Losses should be entered with a minus sign.)