On January 1,206, Global Airways purchased an airplane for $39,650,000. Global Airways expects the plane to remain useful for 8 years and to have a residual value of $3,450,000. Global Airways uses the straight-line method to depreciate its airplanes. Global Airways flew the plane for 4 years and sold it on January 1 , 20Y0, for $8,800,000. 1. Compute accumulated depreciation on the airplane at January 1, 20Y0 (same as December 31,209 ). 2. Record the sale of the plane on January 1,20Y0. 1. Compute accumulated depreciation on the airplane at January 1, 20Y0 (same as December 31,209 ). (Round your final answer to the nearest whole dollar.) The accumulated depreciation is $ 2. Record the sale of the plane on January 1, 20Y0. (Record debits first, then credits. Explanations are not required. Leave unused cells blank.) On January 1,206, Global Airways purchased an airplane for $39,650,000. Global Airways expects the plane to remain useful for 8 years and to have a residual value of $3,450,000. Global Airways uses the straight-line method to depreciate its airplanes. Global Airways flew the plane for 4 years and sold it on January 1,20 Y 0 , for $8,800,000. 1. Compute accumulated depreciation on the airplane at January 1,20Y0 (same as December 31,209 ). 2. Record the sale of the plane on January 1,20Y0. 1. Compute accumulated depreciation on the airplane at January 1,20Y0 (same as December 31,209 ). (Round your final answer to the nearest whole dollar.) The accumulated depreciation is $ 2. Record the sale of the plane on January 1, 20Y0. (Record debits first, then credits. Explanations are not required. Leave unused cells blank.)