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help!! Required information CC9-1 (Algo) Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5] [The following information applies to the questions

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Required information CC9-1 (Algo) Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5] [The following information applies to the questions displayed below] Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $6,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1,2,350 hours; year 2,2,450 hours; year 3,2,100 hours; year 4,2,100 hours; and year 5,1,000 hours. C9-1 (Algo) Part 3 Assume NGS sold the hydrotherapy tub system for $1,950 at the end of year 3 . The following amounts were forecast for year 3 : Sales Revenues $46,000; Cost of Goods Sold $36,000; Other Operating Expenses $4,600; and Interest Expense $900. Create an income statement for year 3 for each of the different depreciation methods, ending at income beforg Income Tax. Expense. (Don't forget to include a loss or gain on disposal for each method.). (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) \begin{tabular}{|c|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{l} 6.76 \\ points \end{tabular}} & \multicolumn{4}{|c|}{ NICOLE'S GETAWAY SPA } \\ \hline & \multicolumn{4}{|c|}{ (Forecasted) Income Statement } \\ \hline & \multicolumn{4}{|c|}{ For the Year Ended Year 3} \\ \hline & & Straight-Line & \begin{tabular}{l} Units-of- \\ Production \end{tabular} & \begin{tabular}{l} Double- \\ Doclining \\ Balance \end{tabular} \\ \hline eBook & & & & \\ \hline \multirow{3}{*}{\begin{tabular}{l} Print \\ \end{tabular}} & & & & \\ \hline & & & & \\ \hline & Operating Expenses: & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & Total Operating Expenses & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular}

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