Singh Enterprises, which started business on 1 January 2007, has an annual reporting period to 31 December and uses the straight-line method of depreciation. On 1 January 2007 the business bought a machine for 10,000. The machine had an expected useful life of four years and an estimated residual value of 2,000. On 1 January 2008 the business bought another machine for 15,000. This machine had an expected useful life of five years and an estimated residual value of 2,500. On 31 December 2009 the business sold the first machine bought for 3,000. Required: Show the relevant income statement extract and statement of financial position extract for the years 2007, 2008 and 2009.