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On January 1, 2021, Carson Corp purchases a tow truck for $150,000 to add to their fleet of tow trucks. They ertimate a residual value of $10,000 and expect a useful life of 10 years. They also estimate 200,000 miles of use. In 2021 , they drive the tow truck 35,000 miles. Requirement 1: Prepare the 2021 depreciation journal entry on December 31, 2021 AND provide the book value of the tow truck as of December 31,2021 using straight-line depreciation. Journal Entry: Prepare the 2021 depreciation joumul entry on December 31, 2021 Awio brovide thin brek whim of the tum trioh in of December 31, 2021 using stroight-line depreciation. Journal Entry: Book Value: Requirement 2 : Provide the book value of the tow truck as of December 31,2021 using double-declining bolance depreciotion. Book Value: Requirement 3: Provide the book value of the tow truck as of December 31, 2021 using activity-based depreciation