Delivery equipment was purchased on July 1. Year 1, for $24,000 in cash and was estimated to have a $3,000 residual value at the end of its 7-year life. On September 30, Year 3, the company sold the delivery equipment for $12,500. The company's fiscal year end is December 31st & the company uses straight-line depreciation for assets of this type. Required: Record any and all transactions associated with the purchase, depreciation and sale of the delivery equipment for each of Years 1, 2 & 3: You should show the calculation of your numbers to allow part marks where appropriate. You can enter your answer in the blank response area below in the exam Or you can also upload a completed electronic or hand written document file of your choosing (EXCEPT APPLE's .PAGES FORMAT FILES) .... Word, Excel, jpg (using your phone or tablet as a camera) or pdf using the Add a File' feature, also below in the exam