Required information [The following information applies to the questions displayed below) Tory Enterprises pays $249,400 for equipment that will last five years and have a $44,700 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,600 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. Complete this question by entering your answers in the tabs below. Depreciation Schedule Income Computation Calculate annual depreciation expenses using double-declining-balance method. Depreciation for the Period End of Period Beginning of Depreciation Period Book Annual Accumulated Book Value Rate Value Depreciation Depreciation Year Year 1 Year 2 Year 3 Year 4 Year 5 Total $ 0 Depreciation Schedule Income Computation > Depreciation Income Schedule Computation Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for total five-year period, assuming double-declining-balance depreciation. (Net loss should be entered with a minus sign.) Income Before Depreciation Depreciation Expense Net (Pretax) Income (Loss) Year 1 Year 2 Year 3 Year 4 Year 5 Totals $ 0 $ 0 $ 0