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help please the wording is very weird it dont list profit of loss. Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting

help please the wording is very weird it dont list profit of loss. image text in transcribed
image text in transcribed
Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed below] OnTime Packaging is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that OnTime sold a delivery truck for $22,000. OnTime had originally purchased the vehicle and recorded it in the Truck account for $37,000 and had recorded depreciation for three years. ing the following structure, indicate the effects (accounts, amounts, and + fot increase and - for decrease) of the disposal of the ck, assuming Accumulated Depreciation-Truck was (a) \$15,000, (b) \$13,000, and (c) \$21,000. (Enter any decreases to Assets, ibilities, or Stockholders' Equity with a minus sign.)

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