Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below) Tory Enterprises pays $257400 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 5 Total Answer is not complete. Income Before Depreciation Net (Pretax) Depreciation Expense Income $ 90,400 102.960 $ (12,560) 90.400 81,776 28,624 90.400 37,056 53,3343 90,400 10,098 30,302 90,400 90,400 $ 452.000 S 211.900 $ 240,100