Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $250,400 for equipment that will last five years and have a $44,800 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,700 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. Answer is complete but not entirely correct. Depreciation Expense Income Before Depreciation Net (Pretax) Income Year 1 $ 89,700 $ 100,160 $ (10,460) Year 2 89,700 100,096 x 29,604 Year 3 89,700 36,058 x 53,642 Year 4 89,700 9,286 80,414 Year 5 89.700 0 89,700 Totals $ 448.500 $ 245,600 $ 242,900