Attempt in Progress On July 1, 2020, Molly's Greenhouse purchased a new delivery truck for $85,000. She paid a $20,000 cash and signed a promissory note for the remainder. Molly estimates that the delivery truck will have a five-year useful life, or 160,000 kilometres and a residual value of $5,000. Molly's Greenhouse has a December 31 year end. Calculate the gain or loss on disposal for the following three independent situations: Molly sold the truck for $31,900 on January 1, 2024. By using straight-line method the carrying amount is $29.000 on disposal S List of Accounts Molly sold the truck for $24,000 on January 1, 2024. By using straight-line method the carrying amount is $29.000 U Molly sold the truck for $24,000 on January 1, 2024. By using straight-line method the carrying amount is $29,000. on disposal $ List of Accounts Molly sold the truck for $19,300 on July 1, 2024 Molly used the straight-line method. on disposal $ List of Accounts - / 10 il Molly sold the truck for $19,300 on July 1, 2024. Using straight line method, prepare the journal entries for the above situation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 1, 2024 (To record depreciation expense on vehicle) July 1, 2024 Question 44 of 45 - / 10 (To record depreciation expense on vehicle) July 1, 2024 (To record sale of vehicle) List of Accounts Attempts: 0 of 1 used Submit