Three different companies each purchased trucks on January $1,$ Year $1,$ for $$74,000.$ Each truck was expected to last four years or Complete this question by entering your answers in the tabs below.

Required A

Requiled $B$

Requined $C$

Required $D$

Required $E$

b$-1.$ Calculate the net income for vear $4.$ Raund ydu wer prit cost to a decimal places,$)$

b$-2,$ which company will report the towest amount of net income for Year $4?$

Required A

Required $C>$ Complete this question by entering your answers in the tabs below.

Required A

Requirsed $B$

Required $C$

Required $0$

Required E

c$-1.$ Calculate the book value on the December $31,$ Year $3,$ balance sheet. $($Round per Unit cost" to $3$ de

c$-2,$ Which company will neport the highest book value on the December $31,$ Year $3,$ balance sheet? Complete this question by entering your answers in the tabs below.

Requined a

Required $B$

Required $C$

Required $0$

Required $E$

d$-1.$ Calculate the retained earnings on the December $31,$ Year $4,$ balance sheet.

d$-2.$ Which company will report the highest amount of retained earnings on the December $31,$ vear $4,$ balance shComplete this question by entering your answers in the tabs below.

Required A

Required $B$

Required $C$

Required $0$

Required $E$

Which company will report the lowest amount of cash flow from operating activities on the Year $3$ statement of $c$

Lowest cash flow

$250,000$ miles. Salvage value was estimated to be $$6,000.$ All three trucks were driven $80,000$ miles in Year $1\mathrm{.}60,000$ miles in Year $2,$

$45,000$ miles in Year $3.$ and $70,000$ miles in Year $4.$ Each of the three companies earned $$63,000$ 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.

Answer each of the following questions. Ignore the effects of income taxes.

Required

a$-1.$ Calculate the net income for Year $1.$

$0-2.$ Which company will report the highest amount of net income for Year $1?$

b$-1.$ Calculate the net income for Year $4.$

b$-2.$ Which company will report the lowest amount of net income for Year $4?$

c$-1.$ Calculate the book value on the December $31,$ Year $3,$ balance sheet.

c$-2.$ Which company will report the highest book value on the December $31.$ Year $3.$ balance sheet?

d$-1.$ Calculate the retained earnings on the December $31,$ Year $4,$ balance sheet.

d$-2.$ Which company will report the highest amount of retained earnings on the December $31,$ Year $4,$ balance sheet?

e$.$ Which company will report the lowest amount of cash flow from operating activities on the Year $3$ statement of cash flows?

Complete this question by entering your answers in the tabs below.

Required $A$

Required $B$

Requirred $C$

Riequired $D$

Required E

a$-1.$ Calculate the net income for Vear $1.($Round "Per Unit Cost" to $3$ decimal placesn$)$

a$-2.$ Which company will report the highest amount of net income for Year $1?$