Distance Limited owned three lorries at 1 April 2016:

Lorry A: purchased on 21 May 2012 for £31,200 Lorry B: purchased on 20 June 2014 for £19,600 Lorry C: purchased on 1 January 2016 for £48,800 Depreciation is charged annually at 20 per cent on cost on all vehicles in use at the end of the year.

During the year ended 31 March 2017, the following transactions occurred:

(1) 1 June 2016: Lorry B was involved in an accident and considered to be a write-off by the insurance company which paid £10,500 in settlement.

(2) 7 June 2016; Lorry D was purchased for £32,800.

(3) 21 August 2016: Lorry A was sold for £7,000.

(4) 30 October 2016: Lorry E was purchased for £39,000.

(5) 6 March 2017: Lorry E was considered not to be suitable for carrying the type of goods required and was exchanged for lorry F. The value of lorry F was deemed to be £37,600.

Required:
Prepare the ledger T-accounts recording these transactions for the year ending 31 March 2017 and bring down the balances at 1 April.