! Required information Use the following information for the Exercises below. (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 Exercise 10-9 Straight-line depreciation and income effects LO P1 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. Year 1 Year 2 Year 3 Year 4 Year 5 Answer is complete but not entirely correct. Income Depreciation Net Before Expense (Pretax) Depreciation Income $ $ 89,700$ 100,160 (10,000) 89,700 60,096 29,604 89,700 36,058 53,642 89,700 9,286 80,414 89,700 0 89,700 $ $ 448,500 $ 205,600 243,360 Totals