Prepare general journal entries to record the following events: (Show your calculations) Jan 1, 2019 Paid cash for a new truck, $75,000 plus $5,700 for freight. The truck was estimated to have a five year life and a $5,000 salvage value. Dec 31, 2019 Recorded straight-line depreciation expense on the truck. Jan 1, 2020 Upon further consideration, management revised the salvage value to $0 and an estimated useful life of six years. Dec 31, 2020 Recorded straight-line depreciation on the truck. Record your entries and calculations below: Date Account Title and Explanation PR Debit Credit