Question 6 (2 points) To review the current market price of the stock, one should review the balance sheet. income statement. statement of cash flows. None of these are correct. Question 3 (2 points) Saved Royal Company purchased a dump truck at the beginning of 2015 at a cost of $60,000. The truck had an estimated life of six years and an estimated residual value of $24,000. On January 1, 2016, the company made major repairs of $20,000 to the truck that extended the life one year. Thus, starting with 2017, the truck has a remaining life of five years and a new salvage value of $8,000. Royal uses the straight-line depreciation method. What is the book value of the truck to be reported on the balance sheet at December 31, 2017? $44,000 $50,000 $56.000 $62.000