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#10 (8 points) Auto Salvage Company deals in the sales of trucks. In 2020 the company sold a fire truck from its inventory which cost

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#10 (8 points) Auto Salvage Company deals in the sales of trucks. In 2020 the company sold a fire truck from its inventory which cost $150,000 for $250,000. Cash collections were: 2020 = $80,000; 2021 $120,000 and 2022 = $40,000 Prepare the journal entries for 2020-2022 for Auto Salvage using the point of delivery method

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