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Required information [ The following information applies to the questions displayed below. ] Tory Enterprises pays $ 2 5 2 , 4 0 0 for

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[The following information applies to the questions displayed below.]
Tory Enterprises pays $252,400 for equipment that will last five years and have a $45,000 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,900 annually, after deducting all expenses except depreciation.
Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming straight-line depreciation is used.
\table[[,\table[[Income Before],[Depreciation]],\table[[Depreciation],[Expense]],\table[[Net (Pretax)],[Income]]],[Year 1,,,],[Year 2,,,],[Year 3,,,],[Year 4,,,],[Year 5,,,],[Totals,$,$,$
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