FedEx is the world's leading express-distribution company. In addition to the world's largest feet of al-cargo aircraft. the company has more than 650 aircraft and 55.000 vehicles and that pick up and deliver packages. Assume that FedEx sold a delivery truck that had been used in the business for three years. The records of the company reflected the following: Prepare the journal entry for the disposal of the truck sold for: (If no entry is required for a transaction/event. Select "No journal entry required" in the first account field a. $12,000 cash b, $12, 400 cash c. $11, 500 cash Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for transaction/event, select "No journal entry required' in the account field.) a $12,000 cash b. $12, 400 cash c. $11.500