On March 1, 2020, Montello Inc. purchases a delivery truck for $15,000 in cash. The truck has a salvage value of $3,000 and is expected to be driven for 120,000 miles. Montello E3. uses the units-of-production depreciation method and in year one it expects to use the truck for 23,000 miles. In year two it expects to use the truck for 30,000 miles. Calculate the annual depreciation expense and make the necessary transactions for purchase and depreciation in Year 1 and Year 2. The initial purchase of the truck \begin{tabular}{|c|c|c|c|} \hline Date & Account & Debit & Credit \\ \hline 3/1/2020 & & & \\ \hline & & & \\ \hline \end{tabular} Year 1 depreciation on 12/31/2020 \begin{tabular}{|c|c|c|c|} \hline Date & Account & Debit & Credit \\ \hline 12/31/2020 & & & \\ \hline \multicolumn{2}{|c|}{} & & \\ \hline \multicolumn{2}{|c|}{ Year 2 depreciation on 12/31/2021 } \\ \hline Date & Account & Debit & Credit \\ \hline 12/31/2021 & & & \\ \hline & & & \\ \hline \end{tabular}