Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed beiow] Liang and Cruz Deliveries is the world's leading express distitution company. In addition to its 643 aircraft the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Liang and Cruz sold a delivery truck for $31,000. Liang and Cruz had originally purchased the vehicie and recorded it in the Truck account for $51,000 and had recorded depreciation for three years. 9.11 (Algo) Part 4 Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $20,000. (b) $16,000, and (c) $26,000. (If no entry is required for a transoction/event, select "No Journal Entry Required" in the first occount field.) 1 Record the sale of the truck that has an accumulated depreciation balance of $20,000 at the time of disposal. 2 Record the sale of the truck that has ad accumulated depreciation balance of $16,000 at the time of disposal. 3 Record the sale of the truck that has an accumulated depreciation balance of $26,000 at the time of disposal