Pinson Company and Estes Company are two proprietorships that are similar in many respects. One difference is that Pinson Company uses the straight-line method and Estes Company uses the declining-balance method at double the straight-line rate. On January 2, 2015, both companies acquired the depreciable assets shown below.

Pinson Company and Estes Company are two proprietorships that are similar in many respects. One difference is that Pinson Company uses the straight-line method and Estes Company uses the declining-balance method at double the straight-line rate. On January 2, 2015, both companies acquired the depreciable assets shown below Salvage Value $15,000 15,000 Asset Cost Useful Life Buildings $335,000 Equipment 135,000 40 years 10 years Including the appropriate depreciation charges, annual net income for the companies in the years 2015, 2016, and 2017 and total income for the 3 years were as follows. 2015 2016 2017 Total Pinson Company $82,500 $86,900 $88,500 $257,900 Estes Company60,000 68,000 77,000 205,000 At December 31, 2017, the balance sheets of the two companies are similar except that Estes Company has more cash than Pinson Company Lynda Peace is interested in buying one of the companies. She comes to you for advice. Answer the following. Determine the annual depreciation recorded by each company during the 3 years. (Round answers to 0 decimal places, e.g. 2,125.) Pinson Company Estes Company 2015 2016 2017 Determine the total accumulated depreciation recorded by each company during the 3 years. (Round answers to 0 decimal places, e.g. 2,125.) Total Accumulated Depreciation Pinson Company Estes Company Assuming that Estes Company also uses the straight-line method of depreciation instead of the declining-balance method as in (a), prepare comparative income data for the 3 years. (Round answers to 0 decimal places, e.g. 2,125.) Year Pinson Company Net Income Estes Company Net Income 2015 2016 2017 Which company should Lynda Peace buy