Part D (10 marks) Greased Lightning, a delivery service, purchased a new delivery truck for $40,000 on January 1, 2022. The truck is expected to have an estimated useful life of 10 years or 148,000 miles and an expected residual value of $3,000. The truck was driven 15,000 miles in 2022 and 13,400 miles in 2023. Required 1: Compute and provide in areas below the depreciation expense for 2022 and 2023 using the a Straight-line method. 2022 $ 2023 S b. Double declining balance method 2022 $ 2023 S c Units-of-production method. (Do not round intermediate calculations. If required, round your final answers to the nearest whole dollar.) 2022 S 2023 $ Required 2: Assume that Greased lightning sells the delivery truck on January 1, 2024 for $30,000 and was using the straight-line method of depreciation, present the journal entries required for this sale and indicate below the journal entry boxes if this sale resulted in a gain OR a loss of the company. Date 2024. 1/1 Account The disposal of the asset has resulted in a for the company. Debit Credit