Southen Pizza bought a used Toyota delivery van on January 2, 2016, for $19.200. The van was expected to remain in service for four years (71,200 miles). At the end of its useful life, Southern officials estimated that the van's residual value would be $1,400. The van traveled 28,000 miles the first year, 20,500 miles the second year 18,500 miles the third year, and 4,200 miles in the fourth year Tes 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. 2. Which method best tracks the wear and tear on the van? 3. Which method would Southem prefer to use for income tax purposes? Explain in detail why Southern would prefer this method. Units-of-Double-Declining- Year Straight-Line Production Balance 2016 2017 2018 2019 Total Enter any number in the edit fields and then continue to the next question Type here to search 1147 A A s/8/201