Year 1 January 1 paid $23,515 cash plus 51,635 in sales tax for a be delivery truck estimated to have a five-year life and $2,300 balvage value. Delivery truck conta are recorded in the Truck Account December 31 Recorded annual straight-line depreciation on the truck. Year 2 December the truck catamated until it was changed trom tive to tour years, and the estimated salvage value was Increased to $2.700. Recorded annual straight-line depreciation on the track Year 3 December 3. Recorded annua traight-line depreciation on the truck. December 1 sold the truck for $5,500 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. Required IA Required as Required 1c Calculate depreciation for Year 2 Total cost Les accumulated depreciation from Year) Book value Les revised salvage value Remaining cool to be deprecated Years of tomag Total depreciation for Year 2 Required 1A Required 1B Required 10 bok Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. ences Depreciation expense (for Year 1) Depreciation expense (for Year 2) Depreciation expense (for Year 3) Accumulated depreciatief 12/31/Year 3 Book value of truck at 12/31/Year 3 Total cost Accumulated depreciation Book value Record the total cost of te new delivery truck. Note: Enter debits before credits Date General Journal Debit Credit January 01, Year 1 Record entry Clear entry View general journal