Question 2 On January 1, 2020, Silver Mining purchased a red truck. The truck cost $1,000,000 and was straight-line depreciated over 5 years with no expected salvage value. On June 30, Silver traded-in the red truck for a new blue truck. The terms of the trade-in were as follows: Silver traded in the red truck (that was purchased on Jan 1 2020) along with $123,000. Silver acquired a new blue truck. The sticker price of the new truck is $850,000 The new Blue truck will be straight-line depreciated over 3.5 years with no expected salvage value. Required: Show all of the journal entries for 2020, (including all entries for depreciation expense)