Three different companies each purchased trucks on January 1, 2016, for $72,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $7,000. All three trucks were driven 67,000 miles in 2016, 42,000 miles in 2017, 40,000 miles in 2018, and 62,000 miles in 2019. Each of the three companies earned $61,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation.

a-1 Calcute the net income for 2016 for company A, Company B, and Company C

a-2 which company will report the highest amount of net income for 2016? Company A, B,C, or all the above

b-1 calculate the net income for 2019 for company A, B, & C

b-2 which company will report the lowest amount of net income for 2019?

c-1 calculate the book value on the December 31 2018 balance sheet for cpmpany A,B, & C

c-2 which company will report the highest book value on the dec 31 2018 balance sheet

d-1 calculate the retained earnings on the dec 31 2019 balance sheet for company A,B, C

d-2 which company will report the highest amount of retained earnings on the december 31 2019 balance sheet

e which company will report the lowest amount of cash flow from operating activties on the 2018 statment of cash flows?

The cash flow from operating activities will be		for		if income tax is not considered.
Depreciation expense		a cash flow item.