please answer all parts that are red green means its correct Sunland Enterprises purchased a delivery truck

please answer all parts that are red

green means its correct

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Sunland Enterprises purchased a delivery truck on January 1, 2025, at a cost of $33,000. The truck has a useful life of 7 years with an estimated salvage value of $5,280. The straight-line method is used for book purposes. For tax purposes, the truck, having an MACRS class life of 7 years, is classified as 5-year property; the optional MACRS tax rate tables are used to compute depreciation. In addition, assume that for 2025 and 2026 the company has revenues of $244,000 and operating expenses (excluding depreciation) of $158,600. Your answer is partially correct. Prepare income statements for 2025 and 2026. (The final amount reported on the income statement should be income before income taxes.) Revenues 2025 2026 244000 $ Operating Expenses (Excluding Depreciation) 158600 i Depreciation Income before Income Taxes 10560 244000 158600 i 12448 Sunland Enterprises purchased a delivery truck on January 1, 2025, at a cost of $33,000. The truck has a useful life of 7 years with an estimated salvage value of $5,280. The straight-line method is used for book purposes. For tax purposes, the truck, having an MACRS class life of 7 years, is classified as 5-year property; the optional MACRS tax rate tables are used to compute depreciation. In addition, assume that for 2025 and 2026 the company has revenues of $244,000 and operating expenses (excluding depreciation) of $158,600. Your answer is partially correct. Prepare income statements for 2025 and 2026. (The final amount reported on the income statement should be income before income taxes.) Revenues 2025 2026 244000 $ Operating Expenses (Excluding Depreciation) 158600 i Depreciation Income before Income Taxes 10560 244000 158600 i 12448