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The following questions require you to make calculations to determine the final answer. If you would like to receive partial credit for your answer, please show your work and upload it with the Statement of Cash Flows problem. Lilly Dilly Delivery Service purchased a delivery van for $50,000 on 1/1/19. Lilly estimates that the van will have a four-year service life, and the residual value of the van is $5,000. During the four year period, the company expected to drive the van 120,000 miles. Actual miles driven each year were: 33.000 miles in year 1, 36,000 miles in year 2.28,000 miles in year 3, and 30,000 miles in year 4. Please pay attention to the dates! Using straight line depreciation, the annual depreciation for 2020 was: 11.250 12,500 13,500 15,000 25,000 Question 26 2 pts Lilly Dilly Delivery Service purchased a delivery van for $50,000 on 1/1/19. Lilly estimates that the van will have a four-year service life, and the residual value of the van is $5,000. During the four year period, the company expected to drive the van 120,000 miles. Actual miles driven each year were: 33,000 miles in year 1.36,000 miles in year 2, 28,000 miles in year 3, and 30,000 miles in year 4. Please pay attention to the dates! Using Double Declining Balance, the annual depreciation for 2020 was: 11.250 12,500 13,500 15,000 25,000