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Question 2 of 4 View Policies Current Attempt in Progress Presented here are selected transactions for Blossom Limited for 2021. Blossom uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sept. 1 Sold a delivery truck for $18,360 cash. The truck cost $67,930 when it was purchased on January 1, 2018, and was depreciated based on a four-year useful life with a $6,490 residual value. Sold computers that were purchased on January 1, 2019. They cost $10,161 and had a useful life of three years with no residual value. The computers were sold for $490 cash. Retired equipment that was purchased on January 1, 2012. The equipment cost $135,100 and had a useful life of 10 years with no residual value. No proceeds were received. Dec. 30 (a) Active Go to s dow PNE Einancial Dotie far ndf Date Account Titles and Explanation Debit Credit Jan. 1 Cash 18360 Accumulated Depreciation - Vehicles 46080 Loss on Disposal 3490 Vehicles 67930 Sept. 1 Depreciation Expense 2258 2258 Accumulated Depreciation-Equipment (To record depreciation expense) 1 Cash 490 Accumulated Depreciation - Equipment 9032 Loss on Disposal 639 Activate Windows PDF Financial Ratio for....pdf Declaration State....docx > g Assume that, when the delivery truck was sold on January 1, the accountant only recorded a debit to Cash and a credit to Gain on Disposal. Because of this, also assume that the accountant recorded depreciation on this asset for 2021. What accounts are now overstated or understated as a result of these errors? Gain on Disposal