Problem 1 (25 points). A depreciation schedule for the trucks of Columbine Company was requested by your auditor soon after December 31, 20X6, showing the additions, retirements, depreciation, and other data affecting the income of the company in the four year period 20X3 to 20X6, inclusive. The following data has been gathered. COLUMBINE COMPANY CALCULATION OF BALANCE IN TRUCKS ACCOUNT AT JANUARY 1, 20x3 Truck No. 1, purchased 1/1/X0, cost Truck No. 2, purchased 6/1/X0, cost Truck No. 3, purchased 1/1/X2, cost Truck No. 4, purchased 9/1/X2, cost 18,000 22,000 30,000 24,000 94,000 Balance in Trucks account, 1/1/X3 The Accumulated Depreciation, Trucks account was adjusted on January 1, 20X3 in the general ledger to a balance $36,333 (depreciation on the four trucks from the respective dates of purchase using the 150% declining balance method, a five year life, with 10% salvage value). No entries had been made to the account before January 1, 20X3. Transactions between January 1, 20X3 and December 31, 20x6, and their recording in the ledger were as follows