On January 1, 2017, Big Red Brewery purchased a van for $37,000. Big Red expects the van to have a useful life of five years and a residual value of $7,000. The depreciation method used was straight-line. On December 31, 2020, the van was sold for $23,000 cash. Requirements 1. What was the carrying amount of the van at the date of sale? 2. Record the sale of the van on December 31, 2020 Requirement 1. What was the carrying amount of the van at the date of sale? (Round to the nearest whole dollar.) The carrying amount of the van at the date of sale was $ Requirement 2. Record the sale of the van on December 31, 2020. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit Date 2020 Dod 31