Question 17 1 pts A Shipping Company bought a boat for $75.000 (year O) and expected to use it for 5 years, after which it will be sold for $12.000. Suppose the company estimates the following revenues and expenses from the boat investment for the first operating year. $84,000 S4,000 If the company pays taxes at the rate of 5.5% to the state and 26% federally on its taxable income, what is the net income during the first year