Year 1 January 1 paid $23,515 canh plus $1,785 in sales tax for a new delivery truck estinated to have a five-year life and a $2,300 salvage value. Delivery truck costs are recorded in the Trueks account. Decenber 31 Recorded annual straight-line depreciation on the truck. Year 2 Decenber 31 The truck's estimated useful life was changed from five to four years, and the estinated salvage value wan increased to $2,700. Recorded annual straight-line depreciation on the truck. Year 3 Decenber 31 Recorded annual straight-1ine depreciation on the truck. Decenber 31 sold the truek for $5,600 canh. 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 joumal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Calculate depreciation for Year 2. December 31 The truck's estimated useful life was changed from five to four years, and the increased to $2,700. Recorded annual straight-line depreciation on the truck. Year 3 December 31 Recorded annual straight-1ine depreciation on the truck. December 31 sold the truck for $5,600 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 . Prepare journal entries to record these transactions and events. 1 Record the total cost of the new delivery truck. 2. Record the year-end adjusting entry for the depreciation expense of the delivery truck. 3 Record the year-end adjusting entry for the depreciation expense of the delivery truck. 4 Record the year-end adjusting entry for the depreciation expense of the delivery truck. 5 Record the sale of the delivery truck for $5,600 cash. Note : P= journal entry has been entered