Sunland Company purchased a delivery truck for $$36,000$ on January $1,2022.$ The truck has an expected salvage value of $$6,000,$ and

is expected to be driven $100,000$ miles over its estimated useful life of $8$ years. Actual miles driven were $12,200$ in $2022$ and $11,200$ in

Assume that Sunland uses the straight$-$line method. Prepare the journal entry to record $2022$ depreciation. $($Credit account titles

are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

Assume that Sunland uses the straight$-$line method. Show how the truck would be reported in the December $31,2022,$ balance

sheet.

Sunland Company

Partial Balance Sheet