NeverLate Ltd. completed the following transactions involving delivery trucks 2020 Mar. 26 Paid cash for a new delivery truck, $92,000 plus $4,200 of freight costs. The truck was estimated to have a five-year life and a $10,000 trade-in value. Dec. 31 Recorded straight-line depreciation on the truck to the nearest whole month. 2021 Dec. 31 Recorded straight-line depreciation on the truck to the nearest whole month. However, due to new information obtained early in January, the original estimated useful life of the truck was changed from five years to four years, and the original estimated trade-in value was increased to $14,500. Required Prepare journal entries to record the transactions. (Do not round intermediate calculations.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 Mar 26, 2020 96,200 Delivery truck Cash 96,200 2. Dec 31, 2020 Depreciation expense delivery truck 19,040 Accumulated depreciation, delivery truck 19.040 3 Dec 31, 2021 19,280 Depreciation expense, delivery truck Accumulated depreciation delivery truck 19 280 X