SHOW YOUR WORK TO ENSURE YOU EARN PARTIAL CREDIT FOR INCORRECT RESPONSES Mapleview Estates purchased a shuttle van for $95.000 and placed it in service on January 1, 2020. Mapleview Estates estimates a residual value of $11,000, an 8-year useful life, and 240,000 miles for activity-based depreciation. Mapleview Estates drove the van 32,500 miles in 2020. (round answers to the nearest dollar) REQUIREMENT 1 (3 points) - Provide the 2020 depreciation expense AND book value at 12/31/20 using straight-line depreciation REQUIREMENT 2 (3 points) - Provide the 2020 depreciation expense AND book-value at 12/31/20 using double-declining balance depreciation REQUIREMENT 3 (6 points) - Provide the journal entry to record the sale of the van on 12/31/20 for $73,000 assuming activity-based depreciation was used. Edit Format Table 12pt Paragraph | BI VALT|| .0