Pronghorn Company purchased a delivery truck for $26,000 on January 1, 2022. The truck has an expected salvage value of $1,280, and is expected to be driven 103,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,700 in 2022 and 10,200 in 2023. (21) Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ LA per mile eTextbook and Media Solution List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer (22) Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decimal places, e.g. 15%. Round final answers to decimal places, e.g. 2,125.) Depreciation Expense 2022 2023 (1) Straight-line method $ $ (2) Units-of-activity method $ $ $ (3) Declining-balance method $ $ $ (61) Assume that Pronghorn uses the straight-line method. Prepare the journal entry to record 2022 depreciation. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer (52) Assume that Pronghorn uses the straight-line method. Show how the truck would be reported in the December 31, 2022, balance sheet PRONGHORN COMPANY Partial Balance Sheet $ $ $ Pronghorn Company sells equipment on September 30, 2022, for $16,800 cash. The equipment originally cost $73,000 and as of January 1, 2022, had accumulated depreciation of $43,000. Depreciation for the first 9 months of 2022 is $4,750. Prepare the journal entries to (a) update depreciation to September 30, 2022, and (b) record the sale of the equipment. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit (a) (b)