A company purchasend a machine for $32,000, with an expected usetul life of 5 years and residual value of $0 At the end of year two, the truck has accurmulated depreciation of 512.800 Six - reonths later, the truck is sold for $17.000. Straight - ine depreciation is used 1. Prepare the journal entry to bring depceciation up to date on the date of the sale 2. Calculate the gain or loss on the sale 3 Prepare the foumal entty for the sale. Explanations are not needed Sthow all work to receive partial credt. If you plan to submit scrap paper, please type "scrap. paper" in the box below