Power Corporation performs year-end planning in October of each year before its calendar year ends in December. The preliminary estimated net income is $2,760,000. The CFO meets with the company president to review the projected numbers. She presents the following projected information: The corporation has never used robotic equipment before, and the CFO assumed an accelerated method because of the rapidly changing technology in robotic equipment. The company normally uses straight-line depreciation for production equipment. The president explains to the CFO that it is important for the corporation to show a $5,000,000 income before taxes because the president receives a $1,000,000 bonus if the Income before Taxes and Bonus reaches $5,000,000. The president also does not wan the company to pay more than $1,800,000 in income taxes to the government. (a) What can the CFO do within GAAP to accommodate the president's wishes to achieve $5,000,000 in Income before Taxes and Bonus? Present the revised income statement based on your decision. POWER CORPORATION Projected Income Statement For the Year Ended December 31, 2025 Interest Revenue Cost of Goods Sold Depreciation Expense Deferred Oberating Exbenses Income before Taxes and Bonus Income Taxes President's Bonus Income Taxes $ $ $ $ $ Estimated market value at December 31, 2025 : Other information at December 31, 2025: Net Income/(Loss) Power Corporation performs year-end planning in October of each year before its calendar year ends in December. The preliminary estimated net income is $2,760,000. The CFO meets with the company president to review the projected numbers. She presents the following projected information: The corporation has never used robotic equipment before, and the CFO assumed an accelerated method because of the rapidly changing technology in robotic equipment. The company normally uses straight-line depreciation for production equipment. The president explains to the CFO that it is important for the corporation to show a $5,000,000 income before taxes because the president receives a $1,000,000 bonus if the Income before Taxes and Bonus reaches $5,000,000. The president also does not wan the company to pay more than $1,800,000 in income taxes to the government. (a) What can the CFO do within GAAP to accommodate the president's wishes to achieve $5,000,000 in Income before Taxes and Bonus? Present the revised income statement based on your decision. POWER CORPORATION Projected Income Statement For the Year Ended December 31, 2025 Interest Revenue Cost of Goods Sold Depreciation Expense Deferred Oberating Exbenses Income before Taxes and Bonus Income Taxes President's Bonus Income Taxes $ $ $ $ $ Estimated market value at December 31, 2025 : Other information at December 31, 2025: Net Income/(Loss)