Required information CC9-1 Accounting for the Use and DIsposal of Long-Lived Assets [LO 9-3, LO 9.5 The following Information applies to the questions displayed below Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $10,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine Is 10,000 hours. Expected annual production was year 1, 2.400 hours: year 2, 2500 hours: year 3. 2000 hours; year 4, 2100 hours; and year 5, 1,000 hours CC9-1 Part 3 3. The following amounts were forecast for year 3: Sales Revenues $47,000; Cost of Goods Sold $37000: Other Operating Expenses $4,700: and Interest Expense $900. Create an Income statement for year 3 for each of the different depreclation methods, ending at Income before Income Tax Expense. (Don't forget to Include a loss or galn on disposal for each method.). (Do not round Intermedlate calculations. Round your answers to the nearest dollar amount.) (Forecasted) Income Statement For the Year Ended Year 3 Double- Declining Straight-Line ProductionBalance Operating Expenses Total Operating Expenses