On July 1, 2017, Sooner Co. purchased a delivery truck for $324,000. At the time, the truck was estimated to have a useful life of eight years and a residual value of $36,000. On March 1, 2022, the truck was sold for $146,000. The straight-line depreciation method was used. Partial-year depreciation is calculated based on the number of months the asset is in service. (HINT. Notice that the truck was used for less than 12 months in the year it was acquired (2017) and in the year it was sold (2022). Required: 1. Prepare the journal entry to update depreciation in 2022 2. Prepare the journal entry to record the sale of the truck. 3. Assuming that the truck was instead sold for $170,000, prepare the journal entry to record the sale. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare the journal entries to update depreciation in 2022 and record the sale of the truck. (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 1 2 > Record the depreciation in 2022 Note: Enter debits before credits Event General Journal Debit Credit