Salon Inc. purchases a vehicle for $40,000 to use in its business. The vehicle is expected to have a 4-year life and a $5,000 salvage value. What journal entry should the company make on December 31 of the first year to record depreciation? On June 30 of year 2, the company sold the vehicle for $27, 635 cash. What journal entry should the company make on June 31 to get the depreciation recorded up to the date of the sale? What journal entry should the company make on June 30 to record the sale of the vehicle