Required information Use the following information for the Exercises below. (Algo) (The following information apples to the questions displayed below.) Tory Enterprises pays $257,400 for equipment that will last five years and have a $45,500 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,400 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. Year 1 Year 2 Year 3 Year 4 Year Totals Income Before Depreciation Net (Pretax) Depreciation Expense Incorno 90.400 $ 42,380 $ (12,560) 90,400 42,380 28,624 90.400 42,380 53,334 90,400 42,380 80,302 90,400 42,380 90,400 5 452,000 $ 211,900 $ 240,100