Yeor 1 January 1 Peid $25,015 cash plus $1,435 in 5 les tax for a new delivery truck estimated to have a flue-year 11f e and a $2,150 salvage value. Delivery truck costs are recorded in the Trucks account. Decenber 31 Recorded annual straight-1ine depreciation on the truck. Year 2 Deceeber 31 The truck's estimated useful life was changed fron flve to four years, and the estimated salvage value was Incerased to $2,700. Recorded annual straight-1ine depreciation on the truck. Year 3 Deceeber 31 Recorded annial straight-1ine depreciation on the truck. Decenber 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate depreciation for Year 2. January 1 Paid $25,015 cash plus $1,485 in sales tax for a new delivery truck estimated to have a five-year 1 ife and a $2,150 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful 11fe was changed from five to four years, and the estinated salvage value was increased to $2,700. Hecorded 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 55,600 cash. Required: 1-o. 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 (x) Answer is not complete. 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 . Complete this question by entering your answers in the tabs below. Prepare journal entries to record these transactions and events