Che On January 1, Year 2, LCJ Rental Cars purchased a car that is to be used to produce rental income. T expected useful life of five years and a $5,000 life. Assume LCJ started the Year 2 accounting period with a beginning cash balance of $40,000. The car cost $35,000. It has an salvage value. The car produced rental income of $9,000 per year throughout its useful Required a-1. Prepare an income statement and a statement of cash flows for Year 2 a-2. Prepare an income statement and a statement of cash flows for Year 3. a-3. Prepare an income statement and a statement of cash flows for Year 4 b. Determine the book value of the car for Year 2, Year 3, and Year 4 Complete this question by entering your answers in the tabs below Required A1 Required A1 Inc Stmt Stmt of Cash Required A2 Required A2 Inc StmtSmt of CRqured A3 Required A Flows Inc Stmt Stmt of Cash Required B Prepare an income statement for Year 2. LCJ RENTAL CARS For the Year Ended ber 31, Year 2