Gity Taki Service purchased a new auto to use as a taxi on Januory 1, Yeat 1, for S26,200, In additicn, City paid sales tax and 1ile fees of $590 for the wehicle. The tapi is expected to have a tive-year life and a salvage value of $6.600 Required a. Using thestraight-4ine method, compute the depreciation expense for Year 1 and Year 2 b 6 c. Asrume that the taxi was sold on Janunry 1, Year 3, for \$21,521. Prepare the general foumal entries to record the Year 1 depreciation and sale of the taxi in Year 3 Complete this question by entering your answers in the tabe below. Uying the straight-line method, compute the depreciation expense for Year 1 and Yeat 2 . (Rouna youn answers to the neancst whole dotion amount.) Journal entry worksheet. regecti knter ghnits. Perare kregus? Journal entry worksheet Record entry for sale of taxi and gain on sale. Note: Enter debits before credits