IronWood Delivery Service purchased $8$ delivery vans for $$132,000$ each, and the average expected service life is $6$ years with a residual value of $$14,200$ each unit. Of the trucks, three trucks are sold after $2$ years for $57,000$ each; four are sold after $3$ years for $$48,950$ each; and one is sold after $4$ years for $$32,750.$

Required:

Create the following Journal Entries using Group Method:

$($a$)$ Original Purchase

$($b$)$ Depreciation Year $1$

$($c$)$ Depreciation Year $2$

$($d$)$ Sale Year $2$

$($e$)$ Depreciation Year $3$

$($f$)$ Sale Year $3$

$($g$)$ Depreciation Year $4$

$($h$)$ Sale Year $4$