Campus Cleaners bought a delivery van for $29,000 on January 1, 2012. They estimated its useful life to be 5 years and its residual value to be $2,000. They expected the vehicle to last the company 150,000 miles. They actually drove the van 30,000 miles in 2012 and 52,500 miles in 2013. 1. Calculated depreciation expense and carrying value of the van for 2012 and 2013 using the following methods: (a) straight-line, (b) units of production, and (c) double-declining balance. 2. Prepare the journal entries needed to record depreciation and the sale of the van assuming they sold it for $12,500 on July 1, 2014, and were using the straight-line depreciation method