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 below.] Llang and Cruz Deliveries is the world's leading express-distribution company. In addition to its 643 aircraft, the compa has more than 57000 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 vehicle and recorded it in the Truck account for $51,000 and had recorded depreciation for three years, 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-- Truck was (a) $20,000,(6)$16,000, and (c) $26,000. (Select "None" if there is no Gain or loss.) Gain/Lons Amount (a) (b) (c) Record the sale of the truck that has an accumulated depreciation balance of $20,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View.general lournal Record the sale of the truck that has an accumulated depreciation balance of $16,000 at the time of disposal. Note: Enter debits before credits. General Journal Debit Credit Transaction b Record the sale of the truck that has an accumulated depreciation balance of $26,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit nandan AL