*28. A company purchased a new truck at a cost of $37,500 on 7/01/2020. The truck is estimated to have a useful life of 5 years and a salvage value of $2,500. Prepare the journal to provide for depreciation expense for year ended December 31, 20202 Dr. 3 points Cr. *** *38. From the following below data in the books of Delilah Hair Products, compiles the gross profit(loss) from trading, using the multi-step layout: This is a merchandising business. 8 points Transportation in $145 Purchases returns/allowances $182 Sales delivery expenses 585 Sales 38,185 Sales commission 4,126 Purchases 13,634 Sales returns/allowances 3,222 Closing inventory 9,276 Purchase discount 991 Beginning inventory 10,165 Warehouse rent 9,600 Sales discount 1,944 **Goods in transit 964 Administrative salaries/wages 2,640 Dividends received 850 Cleaning expenses 4.800 **These goods are still in the warehouse of Delilah's shippers, FOB shipping point. The cost has not yet been recorded in Delilah's books. Working Area 39. Dare Sports markets a climbing kit and uses the perpetual inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during January were as follows: January 1: Beginning balance of 18 units at $13 cach January 12 Purchased 20 units at $14 ench January 19 Sold 24 units at $30 selling price each January 20 Pure haned 24 units at $17 ench January 27 Sold 27 units at $30 selling price each If the ending inventory is reported at $276, which inventory method was used? 3 points A. LIFO method B. FIFO method c. Weighted-average method D. Specific identification method