Required information [The following information appoies to the questions disployed below] Tory Enterperses pays $245,400 for equipment that will last five years and have a $44,300 salvage value. By using the equipment in is operations for five years, the company expects to earn 589,200 annually, after deducting all expensest except depreciavion: Calculate annual depreciation expense ushy double-declining balance method: repare a table showing income before depreciation, depreciation expense, and net fpretaxy income for each year and for the totai ive year pervod, assuming double-decining-balance depreciation is used Complete this question by entering your answers in the tabs thelow. Required informotion [The following information applies to the questions displayed below] Tory Enterprises pays $245,400 for equipment that will last five years and have a $44,300 salvage value, By using the equipment in its operations for five years, the company expects to earn $89,200 annually, after deducting all expenses except depreciation. Calculate annual depreciation expense using double-decining-balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for cach year and for the total five-year period, assuming double-declining-balance depreciation is used. Complete this question by entering your answers in the tabs below. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-vear period, alsurning double-dedining-balance depreciation is used. Nute: Nut loss should be entered with a minus sign