Futabatei Enterprises purchased a delivery truck on January 1, 2014, at a cost of $27,000. The truck has a useful life of7years with an estimated salvage value of $6,000. The straight-line method is used for book purposes. For tax purposes, the truck, having an MACRS class life of7years, is classified as5-year property; the optional MACRS tax rate tables are used to compute depreciation. In addition, assume that for 2014 and 2015 the company has revenues of $200,000and operating expenses (excluding depreciation) of $130,000.