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Sunland Enterprises purchased a delivery truck on January 1,2025, at a cost of $33,000. The truck has a useful life of 7 years with an estimated salvage value of $5,280. The straight-line method fs used for book purposes. For tax purposes, the truck, having an MACRS class life of 7 years, is classified as 5 -year propertyc the optional MACRS tax rate tables are used to compute depreciation. In addition. assume that for 2025 and 2026 the company has revenues of $244,000 and operating expenses (excluding depreciation) of $158,600. Your answer is partially correct. Prepare income statements for 2025 and 2026. (The final amount reported on the income statement should be income before income taxes.) Compute taxable income for 2025 and 2026 . Taxable income for 2025 Taxable income for 2026 Your answer is partially correct