34. Related to this note receivable, what amount of interest income would Siebens report on its 2019 income statement? A. $2,400 C. $..899 B. $1,400 D. $1,200 E. None of the above Use the following information to answer questions 35-37. On January 2, 2019. Philips Corporation purchased a truck that cost $36,000. The company expected to drive the truck 100,000 miles. The truck had an estimated salvage value of $6,000, and a useful life of 6 years. 35. If the company uses straight line depreciation, and the truck is sold for $20,000 on December 31, 2020. (after recording the depreciation expense for year), what would be the result? A. $ 5.099 gain E. None are correct B. $4,000 gain C. $5,000 loss D. $.6.000 loss 36. If the truck is driven 15,000 miles in 2019, which of the following amounts should be recognized as depreciation expense assuming the company uses the units of production method? A. $3.280, R$3.690, Sax $3.000, R. $4.500, E. None are correct 37. If the double declining balance method is used, what would be the amount of depreciation expense for the year 2020? A. $8.999 B. $19.999 C. $.5.333 D. $.7.099 E. None are correct