Your company is currently considering the purchase of a new production machine at a cost of $55,000 (including installation costs) and expects to increase revenues by the following amounts each year as a result of the new equipment: Year1=$19,000Year2=$28,000Year3=$30,000Year4=$35,000Year5=$15,000Year6=$10,000 Fixed costs for running the new equipment will be $5,000 per year, while variable costs will be 15% of sales. The assets depreciate according to the 5-year MACRS table. The company is not currently paying any interest expense, and they are taxed at 31% of EBIT. Create a proforma income statement, and enter the Year 5Net Income, rounded to the nearest dollar