Problem 8-5A (Static) Computing and revising depreciation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 paid $20,515 eash plus $1,485 in sales tax for a new delivery truck estimated to have a five-year life and a $2,000 aalvage value. Delivery truck costs are rocorded in the Trucke account. pecember 31 Recorded annual straight-line depreeiation on the truck. Year 2 pecember 31 The truck's estimated useful life was changed fron five to four years, and the estimated salvage value was inereased to $2,400. Recorded annual straight-1ine depreciation on the truck. Year 3 pecenber 31 Recorded annual atraight-1ine depreciation on the truck. pecember 31 sold the truek for $5,300 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. 1-c. Prepare journal entries to record these transactions and events