Question 1 Chamberpot Company purchased a truck on January 1, 2018, at a cash cost of $10,600. The estimated residual value was $400 and the estimated useful life 4 years. The company uses straight-line depreciation computed monthly. On July 1, 2021, the company sold the truck for $1,700 cash. A. What was the depreciation expense amount per month? B. What was the amount of accumulated depreciation at July 1, 2021? C. Give the required journal entries on the date of disposal, July 1, 2021. (Assume no 2021 depreciation has yet been recorded)