27 Required information [The following information applies to the questions displayed below.] 3 points Movelt Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $17,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $29,000 and had recorded depreciation for three years. % 02:56:40 Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-Truck was (a) $12,000, (b) $8,000, and (c) $14,000. (Select "None" if there is no Gain or loss.) Gain/Loss Amount (a) (b) (c) 28 E-Tech Initiatives Limited plans to issue $670,000, 10-year, 8.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2022. Show how the bonds would be reported on the January 2, 2022, balance sheet if they are issued at 103 5 points E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2022 8 X 02:56:40 Carrying Value $ 29 Simko Company issued $670,000, 10-year, 4 percent bonds on January 1, 2021. The bonds were issued for $615,000. Interest is payable annually on December 31. Using straight-line amortization, prepare journal entries to record (a) the bond issuance on January 1.2021, and (b) the payment of interest on December 31, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 5 points View transaction list X 02-56:33 Journal entry worksheet > Record the issuance bonds with a face value of 5670,000 for $615,000. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general Journal