Problem 6-25A (Static) Accounting for depreciation over multiple accounting cycles: straight-line depreciation LO 6-2, 6-5 Bensen Company began operations when it acgueded 160.000 cash thom the issue of common stock on January 1. Year 1 . The cash acquired was immediately used to purchase ecesipment for 550.000 that hat a 510.000 salvage value and an expected useful ife of four years. The equipinent was used to produce the following revenue itrees iassume alh revenve transactions are for casty. At the beginning of the eifh yeat, the equlpment was sold for St. 800 cash. Benten unes stakght-line depreciation. Reguired Prepsre income statements, statements of changes in stockholdees' equity, belance sheets, and statements of cosh flows for each of the five years. (Statement of Cash Flows and Balance Sheet only? itema to be deducted must be indicated with a minus sign.) Complete this guestion by entering your answers in the tabs belew. Prowiv income statements for each of the five years. (tesses shosid be entered with a minus sign,) Problem 6-25A (Static) Accounting for depreciation over multiple accounting cycles: straight-line depreciation LO 6-2, 6-5 Bensen Company began operations when it acgueded 160.000 cash thom the issue of common stock on January 1. Year 1 . The cash acquired was immediately used to purchase ecesipment for 550.000 that hat a 510.000 salvage value and an expected useful ife of four years. The equipinent was used to produce the following revenue itrees iassume alh revenve transactions are for casty. At the beginning of the eifh yeat, the equlpment was sold for St. 800 cash. Benten unes stakght-line depreciation. Reguired Prepsre income statements, statements of changes in stockholdees' equity, belance sheets, and statements of cosh flows for each of the five years. (Statement of Cash Flows and Balance Sheet only? itema to be deducted must be indicated with a minus sign.) Complete this guestion by entering your answers in the tabs belew. Prowiv income statements for each of the five years. (tesses shosid be entered with a minus sign,)