work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Required information [The following information applies to the questions displayed below.) Tory Enterprises pays $240,400 for equipment that will last five years and have a $43,800 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,700 annually, after deducting all expenses except depreciation. 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. (Enter all amounts positive values.) Answer is not complete. Depreciation Expense $ Year 1 Year 2 Year 3 Year 4 Income Before Depreciation $ 88,700 88,700 88,700 88,700 88,700 96,160 57,696 34,618 8,126 Net (Pretax) Income $ 7,460 31,004 X 54,082 80,574 88,700 X $ 261,820 X Year 5 IS Totals $ 443,500 $ 196,600