Requlred: 1. Prepare the joumal entry to update depreciation in 2024. 2. Prepare the joumal entry to record the sale of the truck. 3. Assuming that the truck was Instead sold for $90,000, prepare the journal entry to record the sale. Complete this question by entering your answers in the tabs below. 1. Prepare the journal entry to update depreciation in 2024. 2. Prepare the journal entry to record the sale of the truck, Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first account field. 1. Prepare the journal entry to update depreclation in 2024 . 2. Prepare the journal entry to record the sale of the truck 3. Assuming that the truck was instead sold for $90,000, prepare the journal entry to record the sale Complete this question by entering your answers in the tabs below. Assuming that the truck was instead sold for $90,000, prepare the journal entry to record the sale. Note: If no entry is required for a transaction/eyent, select "No journal entry required" in the first account fiald Journal entry worksheet Record the sale of the truck for $90,000. Votel Enter debits befure creutits. Exercise 11-11 (Algo) Disposal of property, plant, and equipment; partial periods [LO11-2] On July 1, 2019, Farm Fresh industries purchased a speclalized delivery truck for $144,200. At the time. Faim Fresh estimated the truck to have a useful iffe of elght years and a residuat value of $29,000. On March 1, 2024, the truck was sold for $73,000. Farm Fresh uses the straght-ine depreciation method for all of its plant and equipment. Partalyear depreciation is calculated based on the mumber of months the asset is in service. Required: 1. Prepare the joumal entry to update depreciation in 2024. 2. Prepare the journal entry to record the sale of the truck. 3. Assuming that the truck was instead sold for $90,000, prepare the journat entry to record the sale