Problem 6-25 Accounting for depreciation over multiple accounting cycles: straight-line depreciation LC 6-2, 6-5 Bensen Company began operations when it acquired $26.000 cash from the issue of common stock on January 1, 2018. The cash acquired was immediately used to purchase equipment for $26,000 that had a $3,600 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue stream (assume all revenue transactions are for cosh). At the beginning of the fifth year, the equipment was sold for $4100 cash Bensen uses straight-line depreciation Revenue 2018 $7,870 2019 $8,370 2020 $8,570 2021 $7,370 2022 $0 Required Prepare income statements, statements of changes in stockholders' equity, balance sheets, and statements of cash flows for each of the five years. Present the statements in the form of a vertical statements model. (Statement of Cash Flows and Balance Sheet only: Items to be deducted must be indicated with a minus sign.)