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 $22,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2400 hours year 2, 2,350 hours: year 3, 2.150 hours: year 4.2.100 hours and year 5.1000 hours CC9-1 Part 3 3. The following amounts were forecast for year 3: Sales Revenues $59,000, Cost of Goods Sold $46,000; Other Operating Expenses $4,500; and Interest Expense $900. Create an income statement for year 3 for each of the different depreciation methods, ending at Income before 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) Answer is not complete. NICOLE'S GETAWAY SPA (Forecasted) Income Statement For the Year Ended Year 3 Straight Line Units-of- Production Double Declining Balance $ 50.000 13 $ 50,000 59 000 59000 50 000 57.152 Loss Gamon Disposal Gross Prote Operating Expenses Cost of Goods Sold Other Operating Expenses Amortization Expense 16.000 500 46,000 3 4.500 4515 55 015 Total Operating Expenses Loss from Operations Interest Expense Loss (Ganon Disposal Income before Income Tax Expense