Required information Use the following information for the Exercises below. (Algo) [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. 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. Income Before Depreciation Depreciation Expense Net (Pretax) Income Year 11 Year 2 Year 3 Year 41 Year 5 Totals