Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below! Tory Enterprises pays $253.400 for equipment that will last five years and have a $45100 salvage value. By using the equipment in its operations for five years, the company expects to earn $90.000 annually, after deducting all expenses except depreciation Exercise 8-9 (Algo) 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 Yeart Year 2 Your Year 4 Year 5 Totals Answer is complete but not entirely correct. Income Before Depreciation Net (Prota) Depreciation Expense Income $ 90,000 $ 41 660S 401.400 90.000 41 660 48.400 90,000 41.600 3 48.400 90.000 41.600 48.000 90.000 41.600 48.400 s 450,000 5 208,120 242.000