Required information [The following information applies to the questions displayed below.) Tory Enterprises pays $240,400 for equipment that will last five years and have a $43,800 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,700 annually, after deducting all expenses except depreciation Calculate annual depreciation expenses using double-declining balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double-declining balance depreciation. Complete this question by entering your answers in the tabs below. Depreciation Schedule Income Computation Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five year period, assuming doubledeclining balance depreciation. (Netloss should be entered with...minus sion) Income Before Depreciation Net (Pretax) Depreciation Expense Income (Loss) Year 1 Year 2 Year 3 Year 4 Year 5 Totals $ 0 $ os