City Taxi Service purchased a new auto to use as a taxi on January 1, Year 1, for $25,800. In addition, City pald sales tax and Utle fees of $1,090 for the vehicle. The taxi is expected to have a five-year life and a salvage value of $5,170 Required a. Using the straight-line method, compute the depreciation expense for Year 1 and Year 2. b&c. Assume that the taxi was sold on January 1 Year 3 for $20,932. Prepare the general Journal entries to record the Year 1 depreciation and sale of the taxi in Year 3, Complete this question by entering your answers in the tabs below. Reg A Req B and C Using the straight-line method, compute the depreciation expense for Year 1 and Year 2. (Round your answers to the nearest whole dollar amount.) Year 1 Year 2 Depreciation expense Reg and c> Journal entry worksheet