[The following information applies to the questions displayed below.] Movelt Corporation is the world's leading express distribution company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 54,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $7,000. Movelt had originally purchased the truck for $12,000 and had recorded depreciation for three years. 0.90 points Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $5,000, (b) $2,000, and (c) $7.000. (Select "None" if there is no Gain or Loss.) Gain Loss Amount 2. Using the following structure indicate the hects on disposal of the truck assuming that Accumulated Depreciation was ) 55.000 (6) $2.000, and S7.000Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity Hints References Book & Resources Hintet 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was cal $5,000, (b) $2,000, and (c) $7,000. (If no entry is required for a transactionlovent, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $5,000 at the time of disposal. Note: Enter debits before credits Debit Credit Transaction a General Journal Cash Accumulated Depreciation Equipment 5,000 View general Journal Clear entry Record entry