Herron purchased a used van for use in its business on January 1, 2020. It paid $16,000 for the van. Herron expects the van to have a useful life of four years, with an estimated residual value of $1,300. Herron expects to drive the van 31,000 miles during 2020,40,000 miles during 2021, 21,000 miles in 2022, and 13,000 miles in 2023, for total expected miles of 105,000 Read the requirements. (Complete all input fields. Enter a 0 for any zero values.)