On 1" of January 2018 JANDU Ltd. purchased a new truck for the delivery of the merchandises to its clients. The price paid was $180,000. The residual value of the truck was estimated to $20,000 and the useful life to 8 years. On 31" of December 2021 the company sold the truck for $105,000. On 31" of December, JANDU, Ltd obtained a 3 years loan from the bank for $1,300,000. Interest rate is 5%. The company will face monthly installment payments of S6,000 as from January 16 2020. 1 Calculate the gain or loss obtained for the sale of the truck considering that the company used the straight-line depreciation method, Explain your calculation and the steps followed. 20 points 2. Calculate the gain or loss obtained for the sale of the truck considering that the company used the double declining balance method for depreciation purposes. Explain your calculation and the steps followed. 20 points Exercise 2 On January 1 2028 JANDU Ltd purchase a machine for $80,000, with no residual value and a useful life of 8 years On December 2020 the company revised the useful life to 6 years in total Prepare a complete depreciation schedule for the machine using the straight ling method for the entire life of the asset (30 points) Exercise 3 On 31" of December, JANDU, Ltd obtained a loan from the bank for $1,300,000. Interest rate is 5%. The company will face monthly installment payments of $6,000 as from January 1 2020. Calculate the remaining unpaid balance of the loan at 2nd of March 2020. Explain your calculation. 30 points