Calculate the net income for Year 1 for all 3 companies.

Calculate the net income for Year 4.

Three different companies each purchased trucks on January 1, Year 1, for $68,000. Each truck was expected to last four ycars or 200,000 mites. Salvage value was estimated to be $6,000. All three trucks were driven 65,000 miles in Year 1,40,000 milfes in Yew 38,000 miles in Year 3, and 60,000 miles in Year 4 . Each of the three companles earned $57,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-decining-balance depreciation, and company C users units-of-production depreciation