Rustys Bakery, Inc. purchased a new delivery van on January 1, Year 1 at a cost $39,600. The van is expected to last four years and have a salvage value of $6,000. Rusty uses the straight-line method of depreciation and has a year end of December 31. 1. Compute Rustys annual depreciation expense on the van: $_________________ 2. Compute the book value of the van at the end of Year 3: $_________________ 3. Prepare the journal entry(ies) to record the sale of the van on August 1, Year 4 for $7,500: 4. If the van was bought on April 1 rather than January 1. What would be the 1st years depreciation? $_________