Required information [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 mochine was purchased at the beginning of the year at a cost of $15,500. The estimated useful life was five years and the residual. value was $1,500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual prodiction was year 1,2,350 hours; year 2, 2,500 hours; year 3,2,050 hours; year 4,2,100 hours; and year 5, 1,000 hours. 3. Assume NGS sold the hydrotherapy tub system for $4,650 at the end of year 3 . The following amounts were forecast for year 3 : Sales Revenues $52,000; Cost of Goods Sold $41,000; Other Operating Expenses $4,500; and interest Expense $700, Create an income statement for year 3 for each of the different depreciation methods, ending at income before Income Tax Expense. (Don't forget to include a loss or gain on disposal for each method.), (Do not round intermediate calculations. Any losses should be indicated with a minus sign. Round your answers to the nearest dollar amount.) NICOLE'S GETAWAY SPA (Forecasted) Income Statement For the Year Ended Year 3