i need help with part B.

fa Your answer is correct. Determine the annual depreciation recorded by each company during the 3 ye Pinson Company Estes Company 2018 19000 41300 2019 19000 35815 35815 2020 19000 31288 Determine the total depreciation recorded by each company during the 3 years. Total Accumulated Depreciation Pinson Company 57000 Estes Company 108403 itical Thinking 10-05 a-c (Part Level Submission) on Company and Estes Company are two proprietorships that are similar in many respects. One difference is that inson Company uses the straight-line method and Estes Company uses the clining balance method at double the straight-line rate. On January 2, 2018, both companies acquired the depreciable assets shown below. Useful Life Asset Buildings Equipment Cost $370,000 114,000 Salvage Value $10,000 14,000 40 years 10 years Including the appropriate depreciation charges, annual net income for the companies in the years 2018, 2019, and 2020 and total income for the years were as follows. Pinson Company Estes Company 2018 $89,500 70,000 2019 593,900 78,000 2020 395,500 $7,000 Total $278,900 235,000 At December 31, 2020, the balance sheets of the two companies are similar except that Estes company has more cash than inson Company Lynda Peace is interested in buying one of the companies. She comes to you for advice Answer the following (b) Assuming that Estes Company also uses the straight-line method of depreciation instead of th answers to O decimal places, e.g. 2,125.) Year Pinson Company Net Income Estes Company Net Income 2018 2019 2020