B. Your company has a van with an original cost of $28,400 and accumulated depreciation of $8,520. Make the journal entries required under each of the following assumptions. 1. The van is sold for $15,000 cash. 2. The van is sold for $21,000 cash. 3. The van is sold for $5,000 cash and inventory valued at $20,000. 4. The van is traded for a new van with a list price of $35,000. The dealer gives you a trade-in allowance of $20,000. 5. The van is traded for a new van with a list price of $40,000. The dealer gives you a trade-in allowance of $15,000