Exercise 10-9/Straight-line depreciation and income effects IP1 Tory Enterprises pays $238,400 for equipment that will last five years and have a $43,600 salvage value. By using the equipment in i operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation. Prepare a t showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming straight-line depreciation is used