Boeing purchases machinery at the beginning of the year and determines depreciation will be $5,000 each year. During the year, Boeing incurs $600 to paint the company logo on the machinery, and incurs an additional $4,000 for improvements that will increase the machinery's capacity. What is the total amount that will be reflected as expenses for the year and on which financial statement? O $5,600, income statement O $9,000, income statement O $9,600, income statement O $9,600, balance sheet O $5,000, balance sheet Ti Att 1