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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 $$16,000.$ The estimated useful life was five years and the residual value was $$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 $2,2,300$ hours; year $3,2,200$ hours; year $4,2,100$ hours; and year $5,1,000$ hours.

$3.$ Assume NGS sold the hydrotherapy tub system for $$4,800$ at the end of year $3.$ The following amounts were forecast for year $3$ : Sales Revenues $$53,000$; Cost of Goods Sold $$41,000$; Other Operating Expenses $$5,300$; and Interest Expense $$1,100.$ Create an income statement for year $3$ for each of the different depreciation methods, ending at Income before Income Tax Expense. $($Don$\text{'}$t forget to include a loss or gain on disposal for each method.$).($Do not round intermediate calculations. Round your answers to the nearest dollar amount.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[$NICOLE$\text{'}$S GETAWAY SPA$],[($Forecasted$)$ Income Statement$],[$For the Year Ended Year $3],[,,\backslash$table$[[$Straight$-],[$Line$]],\backslash$table$[[$Units$-$of$-],[$Production$]],\backslash$table$[[$Double$-],[$Declining$],[$Balance$]]],[$Sales Revenue,diamond$$,53,000,53,000$$$,53,000$