Help with part B

Exercise 11-25 (Part Level Submission) Novak Enterprises purchased a delivery truck on January 1, 2017, at a cost of $31,320. The truck has a useful life of 7 years with an estimated salvage value of $6,960. The straight-line method is used for book purposes. For tax purposes, the truck, having an MACRS class life of 7 years, is classified as 5-year property; the optional MACRS tax rate tables are used to compute depreciation. In addition, assume that for 2017 and 2018 the company has revenues of $232,000 and operating expenses (excluding depreciation) of $150,800. MACRS Depreciation Rates by Class of Property 219 7.AL 11 52 5.76 13 2.95 223 Your answer is correct. Compute income before income taxes for 2017 and 2018. scome before income tanes Click you would ike to w work for this question! Open Sto- rk Attempts:1 of 15 used Compute taxable income for 2017 and 2018. (Round answers to O decimal places, e-g. 45,892.) Tasable income for 2017 Texable incomeor Click if you would lke te show Work for this question Open Show Work