November 1st, 2021, Evenflow Plumbing Services purchased 10 work trucks for a purchase price of $320,000. TTL was $28,000. Evenflow paid $55,000 down and financed the rest with a 4%, 5 year note payable due in monthly installments of $3,738.55. The trucks have an estimated 4 year useful life, a combined estimate trade-in value of $30,000, and will be depreciated via Double- Declining Balance. 

1. Requirement 1. Journalize the purchase.
2. Requirement 2. Journalize the depreciation entry for December 31
   
3. Requirement 3. What is the depreciation expense for years 2, 3, 4, 5? 
   
4. Requirement 4. Record the entry if Evenflow sold the trucks 1/1/2025 for $58,000