Problem 9-11B Partial year's depreciation; revising depreciation rates @101,02,04 CHECK FIGURES: Dec. 31, 2021 Deprec. Exp. = $10,600 Fab-Form Industries completed the following transactions involving the purchase of delivery equipment. 2020 June 26 Paid cash for a new truck, $68,400 plus $3,420 in freight costs. The truck was estimated to have a four-year life and an $18,000 residual value. 27 Paid $3,780 for special racks installed on the truck.* The racks will enhance the economic benefits flowing from the truck. Dec. 31 Recorded straight-line depreciation on the truck to the nearest whole month. 2021 Jan. 5. It was determined that the estimated useful life of the truck should be revised to a total of six years and the residual value changed to $10,100. Mar. 15 Paid $660 for repairs to the truck's fender damaged when the driver backed into a loading dock. Dec. 31 Recorded straight-line depreciation on the truck to the nearest whole month. *Assume the special racks depreciate in an identical manner as the truck. Required Prepare journal entries to record the transactions