City Tax Service purchased a new auto to use as a taxi on January 1, Year 1, for $22,100. In addition, City paid sales tax and title fees of 51480 for the vehicle. The taxi is expected to have a five-year life and a salvage value of $5,650 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. Your 3, for $18,969. Determine the amount of gain or loss that would be recognized on the asset disposal (Round the intermediate calculations to nearest whole dollar amount) Answer is complete but not entirely correct. $3,200 pery Year Derin Year 2 Depreciation (can 53000 b SD