3 On January 1, Year 1. Phoenix Corporation purchased a delivery truck for $45,000. The estimated useful life of the truck is 5 years, with an estimated salvage value of $9,000. The truck is expected to be driven 200,000 miles during its useful life. Assume that Phoenix used the units-of-production method instead. The delivery van was driven 50,000 miles the first year and 40,000 miles the second year. (2 points each) (1) What is the amount of depreciation expense for Year 1? (2) What is the amount of depreciation expense for Year 2? (3) What is the accumulated depreciation at the end of Year 2? (3) What is the book value of the van at the end of Year 2? (4) If the van was sold for $25,000 at the end of Year 2 what was the gain or loss on the sale