Neverlate Ltd, completed the following transactions involving delivery trucks Mar Dec 2020 26 Paid cash for a new delivery truck, 399,500 plus $3,200 of freight costs. The truck was estimated to have a five year life and # $10,000 trade-in value. 31 Recorded straight-line depreciation on the truck to the nearest whole month. 2821 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. Dec Required: Prepare Journal entries to record the transactions. (Do not round intermediate calculations.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Mar. 26, 2020 102,700 Delivery truck Cash 102 700 13,905 2 Dec 31, 2020 Depreciation expense, delivery truck Accumulated depreciation, delivery truck 13,905 24.765 3 Dec 31, 2021 Depreciation expense, delivery truck Accumulated depreciation, delivery truck 24.755