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 weliness programs at NGS. The machine was purchased at the beginning of the year at a cost of $8,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1,2,250 hours; year 2, 2,350 hours; year 3,2,300 hours; year 4,2,100 hours; and year 5, 1,000 hours. 3. Assume NGS sold the hydrotherapy tub system for $2,550 at the end of year 3 . The following amounts were forecast for year 3 : Sales Revenues $44,000; Cost of Goods Sold $34,000, Other Operating Expenses $4,400; and interest Expense $900, Create an income statement for year 3 for each of the different depreciation methods, ending at Income before Incoine 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 indicoted with o minus sign. Round your answers to the nearest dollar amount.) NICOLE'S GETAWAY SPA (Forecasted) Income Statement For the Year Ended Year 3