Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) Tory Enterprises pays $247400 for equipment that will last five years and have a $44,500 salvage value By using the equipment in its operations for five years, the company expects to earn $89.400 annually, after deducting all expenses except depreciation Exercise 8-9 Straight-line depreciation and income effects LO P1 Prepore a table showing income before depreciation depreciation expenso, and net (pretox) income for each year and for the total live-year period, assuming straight-line depreciation is used Income Before Depreciation Net (Pretax) Depreciation Expense Income Year 1 Year 2 Year 3 Year 4 Year 5 Totals