Question 1 1 pts Ng's Shrimp Company owns a fishing vessel that originally cost $250,000, with a 20-year life, and no anticipated salvage value. Ng uses the straight-line depreciation method. Review the following three independent cases, and prepare the journal entry to reflect the disposition of the boat in each case. Case 1 After 8 years of ownership, the boat was taken by a storm. Boat 100,000 Loss 150,000 Accumulated Depreciation 250,000 O Boat 100,000 Gain 150,000 Accumulated Depreciation 250,000 O Accumulated Depreciation 100,000 Loss 150,000 Boat 250,000 O Accumulated Depreciation 100,000 Boat 150,000 Loss 250,000