Scenario #2: You are the accountant for Rowe, Inc. The company purchased a delivery truck for $56,000 in cash on January 1, 2010. The truck will have an 8-year useful life with no salvage value. Depreciation expense at the end of Year 1 = $7,000. Prepare journal entries to record: A. The purchase of the truck on 1/1/10: B. Depreciation expense on the truck as of 12/31/18: On December 31, 2018, Rowe sells the truck for $1,000 cash. The truck is fully depreciated when sold. C&D: Prepare one compound journal entry to record the receipt of cash, removal of the truck itself and all accumulated depreciation on the truck, and any gain/loss on the sale