31 18 points) Indradhanush Pharmacy Corp. purchased a delivery vehicle for $62,000. The company paid $700 to have the company logo painted on the van. The vehicle will be depreciated using 40% diminishing balance. The residual value of the vehicle after five years is estimated to be $2000. a) Calculate the depreciation for all five years, and fill the blanks below. Formatting: Only enter plain number (no $-sign or thousands separator); round the results to two digits after the comma. Blank 1: Depreciation expense in year 1 Blank 2: Depreciatin expense in year 2 Blank 3: Depreciation expense in year 3 Blank 4: Depreciation expense in year 4 Blank 5: Accumulated depreciation in year 5 b) At the end of year 5, the manager of Indradhanush Pharmacy Corp. coniders to sell the vehicle for $4800. If the deal gets approved, would the company make a gain or loss on the disposal? Blank 6: Answer the question above by writing either "gain" or "loss" (one word!) without quotation marks. Blank 7: What S-amount would the company gain or lose from the transaction? Formatting instructions: Enter the amount as a plain number (no + or - signs, no $ signs, no thousands-separator); round the results to two digits after the comma, MacBook Air 41 11 F5 F 50 FO A * $ 4 % 5 & 7 6 00 9 R T Y 1