everything is correct except for the depreciation of the old machine and salvage value. I've added all the values, and even the zeros but they keep turning out wrong. :(

Murl Plastics Inc. purchased a new machine one year ago at a cost of $54,000. Although the machine operates well, the president of Murl Plastics is wondering if the company should replace it with a new electronic machine that has just come on the market. The new machine would slash annual operating costs by two-thirds, as shown in the comparative data below: Present Machine Proposed New Machine $81,000 $54,000 Purchase cost new Estimated useful life new Annual operating costs Annual straight-line depreciation Remaining book value Salvage value now Salvage value in five years 6 years 5 years $37,800 9,000 45,000 9,000 $12,600 16,200 In trying to decide whether to purchase the new machine, the president has prepared the following analysis: Book value of the old machine Less: Salvage value $45,000 9,000 Net loss from disposal $36,000 "Even though the new machine looks good," said the president, "we can't get rid of that old machine if it means taking a huge loss on it. We'll have to use the old machine for at least a few more years." Sales are expected to be $189,000 per year, and selling and administrative expenses are expected to be $113,400 per year, regardless of which machine is used Required: 1. Prepare a summary income statement covering the next five years, assuming the following a. The new machine is not purchased b. The new machine is purchased. (Leave no cells blank - be certain to enter "O" wherever required.) 5 Years Summary Keep Old Machine Buy New Machine Difference $ 945,000$ 945,000!$ Sales Selling and administrative expenses Depreciation of the old machine, or loss write-off Depreciation-new machine Operating costs Salvage value-old machine 567,000 45,000 0 189,000 567,000 0 81,000 63,000 81,000 (126,000) 0 801,000 747,000 Total expenses Net operating income 54,000 54,000 $144,000$ 198,000 $