ABC Corporation is An Australian Company, financial year ends 30 June each year. January 1, 2018, the company imported 5 new cars from Japan for company use. The details of the are given below: Cost $65,000/each; freight cost $5000/each, govt tax $1,000/each; insurance while in transit $5,000/each; yearly insurance cost $1,500/each. $salvage value $3,000/each; expected useful life 10/ each. Expected total mileage 100,000 miles/each. years. During 2018 each car was driven for 5,000 miles; during 2019 - 10,000 miles, during 2020 - 12,000 miles. Instructions: 1. Calculate depreciation expense and show the journal entry for year ended 2018 on each method - straight-line/unit of activity/declining balance method. 2. Determine accumulated depreciation and show the journal entry for year ended 2020 on each method - straight-line/unit of activity/declining balance method. 3. 2 cars were sold for $20,000/each on January 1, 2020. Determine gain/loss on disposal of each car and show the journal. (Use straight-line method)