Question 4 (15 points) Mystic Corporation purchased a new truck on January 1, 2017 for $65,000 cash. Mystic estimated a salvage value of $5,000 at the end of the useful life of 5 years. On January 2, 2019 Mystic had to replace the engine of the truck paying $7,500 cash. Due to the replaced engine, Mystic estimates that the truck will continue a productive life for another four years. Required (using the space below): a. Prepare the journal entry to record the cost of the new engine. (Use [D] to label debits and [C] to label credits) b. Assuming straight-line depreciation is used, calculate the depreciation expense for 2019. (Place your answer below; submit your work through the Final Exam Work Dropbox)