Check my work City Toxi Service purchased a new auto to use as a taxi on January 1 Year 1, for $26,300. In addition, City paid sales tax and title fees of $1,410 for the vehicle. The taxi is expected to have a five-year life and a salvage value of $5,200. Required a. Using the straight-line method, compute the depreciation expense for Year 1 and Year 2. (Round your answers to the nearest whole dollar amount) b. Assume the auto was sold on January 1, Year 3, for $21,512. Determine the amount of gain or loss that would be recognized on the asset disposal, (Round the Intermediate calculations to nearest whole dollar amount.) Year 1 Depreciation Year 2 Depreciation per year per year b. on sale