City Taxi Service purchased a new auto to use as a taxi on January $1,$ Year $1$ for $$22,200.$ In addition, city paid sales tax and title fees of $$910$ for the vehicle. The taxi is expected to have a five year life and a salvage value of $$6040.$ b&c assume that the taxi was sold on january $1,$ year $3$ for $$18724.$ prepare the general journal entries to record the year $1$ depreciation and sale of the taxi in year $3$