CIty Taxi Service purchased a new auto to use as a taxi on January 1, Year 1, for $24,300. In addition, City pald sales tax and title fees of $1,490 for the vehicle. The taxi is expected to have a five-year life and a salvage value of $5,160. Required a. Using the straight-line method, compute the depreclation 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 $20,169. Determine the amount of galn or loss that would be recognized on the asset disposal. (Round the intermedlate calculations to nearest whole dollar amount.)