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Pnoto Tonight, a film-developing and camed-tepair franchise, began business on Jancary 1, 2022. In the process of beginning operabons, A incurted the following capital expenditures:

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Pnoto Tonight, a film-developing and camed-tepair franchise, began business on Jancary 1, 2022. In the process of beginning operabons, A incurted the following capital expenditures: The business was immedistefy wuccessful and generated substantal profits for the years ended Deceniber 31, 2022 and 2023. in 2023, the truck was traded in for a larger unit costing 520100 . vokue of 57,000 was assigned to the old truck when it was traded in h 2024, the ewner was forced to lewve the butiness due to lineis As a remit, the assets were valued and soid on December 3 t. 2024, toe the foliowng values Pequired: Complete the table tielow to ealculate the effect of at these trapsactions on net income for tax puposes for the 2032,2023, and 2024 tavation years Astume none of the assets are designased mincolate expensing property (Use a minus aign (6) when entering numbers that ieduce UCC. Required: Complete the toble below to calculate the effect of all these transactions on net income for tax purposes for the 2022. 2023. and 2024 taxation years. Assume none of the asses are designated immediate expensing arogerty (Use o minus sign ( when entering numbers that reduce UCC.)

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