Natalie is thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. Natalie would spend an additional $2,500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and installing shelving units is estimated at $1,500. She expects the van to last about 5 years, and she expects to drive it for 200,000 miles. The annual cost of vehide insurance will be $2,400. Natalie estimates that at the end of the 5-year useful life the van will sell for $7500. Assume that she will buy the van on August 15, 2019, and it will be ready for use on September 1, 2019. Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating the var's depreciation * Your answer is incorrect. Determine the cost of the van Cost of the van 38000 x Your answer is incorrect Prepare three depreciation tables for 2019, 2020, and 2021: one for straight-line depreciation (similar to the one in llustration - 10), one for double declining balance depreciation (Illustration 9-14), and one for units of activity depreciation (Illustration 9-12). For units-of-activity, Natalie estimates she will drive the van as follows: 15,000 miles in 2019;45,000 miles in 2020: 50,000 miles in 2021:45,000 miles in 2022; 40,000 miles in 2023. Recall that Cookie Creations has a December 31 year-end. (Round depreciation costunit to 3 decimal places, es. 0.225.) Straight-line depreciation Year Depreciable Cost Depreciation Expense Accumulated Depreciation Net Bo 2019 38000 2033.33 2033.33 2020 38000 6100 8133.33 2021 38000 6100 14233 33 14233.33 Double-declining-balance depreciation Year NBV (Beg. of Year) Depreciation Expense Accumulated Depreciation Net B 2019 A 38000 $ $ 5066.67 5066 67 2020 38000 1317333 18240 2021 38000 7904 26144 Units-of activity depreciation Year Units of Activity Depreciation Expense Accumulated Depreciation Net Boo 2019 38000 2923.07 2923.08 2020 38000 876923 11692.30 2021 38000 9743.59 21435.89