Question Completion Status: QUESTION 1 Problem 1 (USE Problem 1 Excel Sheet, its blank) A Ford Mustang GT costs $75000. Assuming the price of a Ford Mustang didn't change since 1985, calculate the current(2019) price of resale for Mustangs purchased over the years, subject to variable depreciation based on Year of Purchase. YEAR OF PURCHASE ANNUAL DEPRECIATION 1985 - 1995 $2000 1996 - 2005 $1800 2006 - 2015 $1600 2016 - Present $1400 For example, a Mustang bought in 1997 will depreciate by $1800 annually and will resell at $33600 in 2020 or a Mustang bought in 2008 will depreciate by $1600 annually and will resell at $55800 in 2020. Create an excel sheet that asks the user the year of purchase and calculates the resale value of the car in 2020 Question: Choose the IF Statement that will pick the ANNUAL DEPRECIATION based on the YEAR OF PURCHASE. =1F[[Year of Purchase]>=1985,2000,1([Year of Purchase] >1996,1800,1F[Year of Purchase) >2006, 1600,1F[[Year of Purchase] >-2016, 1400,"Enter Valid Year of Purchase" IF[Year of Purchase]>=2016,1400) IF (Year of Purchase] >=2006, 1600) IR [Year of Purchase) >=1996,1800) IRIYear of Purchase] >1985.2000) =IF([Year of Purchase-2016, 1400, 1F[Year of Purchase] >=2006,1600,1R (Year of Purchase) >=1996,1800,17 [Year of Purchase) >1985,2000,"Enter Valid Year of Purchase" -IF([Year of Purchase]