Nova Scotia Telecom Company had a truck that was purchased on July 7, 2018, for $38,200. The PPE subledger shows the following Information regarding the truck Note: The straight line depreciation taken to nearest month, Component Truck body Motor Date or Purchase Jul. 7/13 Deprec. Method SL SU Cost Est. Residual Est. Life $30,000 10 yr 10 yr $38,200 Accum. Dep. at Dec 31/19 $4,500 1,230 $ 5,730 3.700 A customized tool carrier was constructed and permanently fitted to the truck on July 3, 2020, at a cost of $10,400 cash. The tool carrier adds to the economic value of the truck it will be used for the truck's remaining life and have a zero residual value. The useful ufe and residual value of the truck did not change as a result of the adention of the tool carrier Required: 1. Record the installation of the tool carrer assuming it is a component of the truck, View transaction list Journal entry worksheet 1 Record the installation of new component to truck Note: Enter debits before credits Note: Enter debits before credits Credit Debit General Journal Date July 03, 2020 View general Journal Clear entry Record entry 2. Calculate depreciation on the truck and its new component, the took carrier, for the company's December 31, 2020, and December 31, 2021. year-ends. Component Dep. Exp. Dec Dep. Exp. Dec 31/20 31/21 Truck body Motor Tool Carrier 3. Calculate the book value of the truck at December 31, 2020 and 2021. 2020 2021 Book value of truck