Question 3 of 3 View Policies Show Attempt History < > Current Attempt in Progress 0.49/1 III On January 1, 2025, a machine was purchased for $399,000 by Tamarisk Leasing Co. The machine is expected to have a 10-year life with no salvage value. It is to be depreciated on a straight-line basis. The machine was leased to Carla Vista Inc. for 3 years on January 1,2025, with annual rent payments of $70,000 due at the beginning of each year, starting January 1, 2025. The machine is expected to have a residual value at the end of the lease term of $256,000, though this amount is unguaranteed. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a1) Your answer is correct. I How much should Tamarisk report as income before income tax on this lease for 2025? Income before income tax eTextbook and Media $ 30100 MacBook Pro