Midown Paza bought a used Foed delivery van on January 2, 2021, for $21,000, The van was axpected to reman in service for foer years (47. 500 miles). At the end of ts usefuil Jee. Mittomn management estmatad that the van's residual value would be $2,000. The van trreded 15,000 miles the first year, 10,000 miles the second year, 12,500 miten the third year, and to,000 miles in the fourth yeaz. Requirement 1. Prepare a schedule of depreciation expense per year for the van inder the thene depreciasion metheds. answers to the pearest while doly. Complats all input fields. Entel a 0 for any zero halances ) 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. (For units-of-production and double-declining-balance methods, round to the nearest two decimal places after each step of the calculation.) 2. Which method best tracks the wear and tear on the van? 3. Which method would Midtown prefer to use for income tax purposes? Explain your reasoning in detail. Prepare a schedule of depreciation expense per year for the van under the units-of-production (UOP) method, (Round any intermediary computations to tivo decimal plice answers to the nearest whole dollar. Complete all input fiplis. Enter a 0 for any zero balanoes.)