Q1:On January 1, Year 1, Marlno Moving Company pald $48,000 cash to purchase a truck. The truck was expected to have a four useful life and an $8,000 salvage value. Marino uses the stralght line method. On January 1, Year 3, Marino's accounting records contained the balances shown in the following financial statements madel Balance sheet Assets Income Statement Cash TruckAcc. Dep. Liab.EquityRevExNet Inc. 25,8e0 48 Cash Flow Statement NA 20,00e =| NA |+| 53,000 NA 1-1 NA Also, on January 1, Year 3 the company paid $10,000 to replace an engine that would extond the usoful lifo of the truick from a total of four years to a total of seven years. Which of the following shows how the engine replacement will affect the Company's financial statements on January 1, Year 3:? Balance sheet Assets Income Statement Cash Flow Statement (18,899) OA (1e,000) IA (1e,990) IA (1e,000) OA Cash TruckAcc. Dep. = I Liab. | + | Equity Rev. Exp. |-| Net Inc. A. (18,1,8 NA - NA + NA NA NA NA NA NA NA -NA- NA - NA NA NA Q2: On January 1, Year1, Marino Moving Company pald $18,000 cash to purchase a truck. The truck was expected to have a four useful lfe and an $8,000 salvage value. Marino uses the straight line method. On January 1, Year 3, Marino's accounting records contained the balances shown in th following financial statements Balance sheet Assets Income Statement Cash TruckAcc. Dep.iab.EquityRev.ExpNet Inc. = NA |+| 53,000 Cash Flow Statement NA 25,88e + 20,008 NA NA NA Also, on January 1, Year 3 the company paid $10,000 to replace the engine to make tho truck better by enabling it to operate using less expensive natural gas. Based on this information, the balance in the occumulated depreciatio shown on the Year 3 balance sheet is