II. LUND LUMUUWSLI-UdUNCHUP https%253A%2521%252Flms.mhed... 8 Homework Saved Help Save & CI Required information [The following information applies to the questions displayed below] Tory Enterprises pays $253,400 for equipment that will last five years and have a $45,100 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,000 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 is used. Income Before Depreciation Net (Pretax) Depreciation Expense Income Year 1 Year 2 Year 3 Year 4 Year 5 Totals a to search o te C