Name: Date: Brittany Adams 9/20/21 Cells highlighted in green contain a drop-down list; select the appropriate account from the list. When the calcuations for total depreciation for 2020 and the gain or loss on the sale of the truck are correct, the cells will change to yellow. Domi Company completed the following transactions and events involving its delivery trucks. 2019 Jan. 1 Paid $20,515 cash plus $1,485 in sales tax for a new delivery truck estimated to have a five-year life and a $2,000 salvage value. Delivery truck costs are recorded in the Trucks account. Dec. 31 Recorded annual straight-line depreciation on the truck. 2020 Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,400. Recorded annual straight-line depreciation on the truck. 2021 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 31 Sold the truck for $5,300 cash. Required: 1-a. Calculate depreciation for year 2020. 1-b. Calculate book value and gain (loss) for sale of truck on December, 2021. 1-c. Prepare joumal entries to record these transactions and events. 1-a. Total cost Less accumulated depreciation (from 2019) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for 2020 1-b. Depreciation expense (for 2019) Depreciation expense (for 2020) Depreciation expense (for 2021) Accumulated depreciation 12/31/2021 Total cost Accumulated depreciation Book value 12/31/2021 1-c. General Journal Debit Credit Date 1-Jan-19 31-Dec-19 31-Dec-20 31-Dec-21 31-Dec-21