Commonwealth Delivery is the worlds leading express-distribution company. In addition to the world's lgest fleet of all cargo aircraft, the company has more than 662 aircraft and 60,000 vehicles and trailers that pick up and deliver packages. Assume that Commonwealth Delivery sold a delivery truck that had been used in the business for three years. The records of the company reflected the follawing Delivery truck cost Accumulated depreciation S 43,000 27,500 Required: 1. Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. $15,500 cash b. $16,400 cash c. $13,000 cash View transaction list Journal entry worksheet Record the disposal of the truck, assuming it sold for $15,500 cash Note: Enter debits before credits. Debit Credit Record entry Clear entry View general journal