Year 1 January 1 Paid $22,015 cash plua $1,635 in gales tax for a new delivery truck estimated to have a five-year 11 fe and a $2,300 nalvage value. Delivery truck costs are recorded in the Trucks account. Decenber 31 fecorded annual straight-1ine depreciation on the truck. Year 2 December 31 The truck'i estimated useful life yas changed from tive to four yoars, and the estinated salvage value was increased to $2,850. Recorded annual straight-1ine depreciation on the truck. Yoar 3 December 31 Recorded annual straight-1ine depreciation on the truck. Deceaber 31 sold the truck for $5,300 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. 1-c. Prepare journal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Calculate depreciation for Year 2. January 1 Paid $22,015 cash plus $1,635 in nalen tax for a new delivery truck egtimated to have a five-year life and a $2,300 salvage value. Delivery truck costa are recorded in the Trucks accouat. December 31 Recorded annual straiqht-1ine depreciation on the truck. Year 2 Decesber 31 The truck's estimated useful 1 ife was changed from five to four years, and the estimated salvage value was increased to $2,850. Recorded annual straight-1ine depreciation on the truck. Year 3 Decomber 31 Recorded annual straight-1ine dopreciation on the truck. December 31 sold the truck for $5,300 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. 1-c. Prepare journal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3