Nicole$$s Getaway Spa $($NGS$)$ purchased a hydrotherapy tub system to add to the wellness programs at NGS$.$ The machine was purchased at the beginning of the year at a cost of $$24,500.$ The estimated useful life was five years and the residual value was $$1,500.$ Assume that the estimated productive life of the machine is $10,000$ hours. Expected annual production was year $1,2,500$ hours; year $2,2,400$ hours; year $3,2,000$ hours; year $4,2,100$ hours; and year $5,1,000$ hours.

CC$9-1($Algo$)$ Part $3$

Assume NGS sold the hydrotherapy tub system for $$7,350$ at the end of year $3.$ The following amounts were forecast for year $3$: Sales Revenues $$61,000$; Cost of Goods Sold $$48,000$; Other Operating Expenses $$4,100$; and Interest Expense $$600.$ Create an income statement for year $3$ for each of the different depreciation methods, ending at Income before Income Tax Expense. $($Don$\text{'}$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.$)$Nicole$\text{'}$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 $$24,500.$ The estimated useful life was five years and the residual

value was $$1,500.$ Assume that the estimated productive life of the machine is $10,000$ hours. Expected annual production

was year $1,2,500$ hours; year $2,2,400$ hours; year $3,2,000$ hours; year $4,2,100$ hours; and year $5,1,000$ hours.

CC$9-1($Algo$)$ Part $3$

Assume NGS sold the hydrotherapy tub system for $$7,350$ at the end of year $3.$ The following amounts were forecast for year $3$ :

Sales Revenues $$61,000$; Cost of Goods Sold $$48,000$; Other Operating Expenses $$4,100$; and Interest Expense $$600.$ Create an

income statement for year $3$ for each of the different depreciation methods, ending at Income before Income Tax Expense. $($Don$\text{'}$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.$)$