DO CALCULATIONS FOR ALL seven YEARS PLEASE!!

Monette Corporation is thinking of buying a new machine that will cost $91,000. The machine's estimated useful life is seven years, while its estimated residual value is $10,000. Monetle uses the double-declining balance method for calculating deprociation on its machinery and equipment. 1. (Click the ioon to view the additional intormation.) The controller uses Excel's DDB function to produce the following depreciation expense schedule for this machine: (Click the icon to view the depreciation expense schedule tor this machine.) Calculate the operating income from the machine for each of the sevon yoars of its life using the information provided in the exercise and the Excel results pictured. (Hint: Operating income = Revenues - Operating expenses - Depreciation expense.) (Enter amounts to the nearest cent, XX.) The costs of operating the new machine (not including depreciation expense) are expected to be $19,000 per year, while the machine will generate revenues of $90,000 per year. Assume that the machine is purchased and placed into service on the first day of Monette's fiscal year. Depreciation expense ucinn DDR function