Dixieland Delivery Corporation is a rising company in the express-distribution industry. The company has approximately 131 aircraft and 10,200 vehicles and trailers that pick up and deliver packages. Assume that Dixieland sold a delivery truck that had been used in the business for three years. The records of the company reflected the following: Required: 1. Give the journal entry for the disposal of the truck, assuming that the truck sold for a. $18,750 cash b. $19,500 cash c. $18,250 cash 2. Based on the three preceding situations, explain the effects of the disposal of an asset