Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $246,400 for equipment that will last five years and have a $44,400 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,300 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. Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $246,400 for equipment that will last five years and have a $44,400 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,300 annually, after deducting all expenses except depreciation. Calculate annual depreciation expense 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 doubledeclining-balance depreciation is used. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate annual depreciation expenses using double-declining-balance method. Note: Round Annual Depreciation to the nearest whole dollar