On January 1 of the current year, the records of Sitake Corporation showed the following regarding a truck: Equipment (estimated residual value, $8,700) Accumulated depreciation (straight-line, three years) S 27,600 8,100 On December 31 of the current year, the delivery truck was a total loss as the result of an accident. Required 1. Based on the data given, compute the estimated useful life of the truck. Estimated useful life years 2. Prepare all journal entries with respect to the truck on December 31 of the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the depreciation of the truck. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 Record the disposal of the truck. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal