Assume that Luxury Limousines completed the following transacts, 2013 Jan. 5 Paid exist40,000 cash for a used limousine. 6 Paid exist4,000 to have the engine overhauled. 9 Paid exist1, 500 to have the company logo put on the limousine. Jun. 15 Paid exist600 for a minor tune-up after limousine was put into use. Dec. 31 Recorded amortization on the limousine by the DDB method. (Assume a five-year life.) 2014 Mar. 9 Traded in the limousine for a new limousine costing exist75,000. The dealer granted a exist25,000 allowance on the old limousine, and the company paid Unbalance in cash. Recorded year 2014 amortization for the year to date and then recorded the exchange of the limousines. This transaction has commercial substance. Aug. 9 Repaired the new limousine's damaged fender for exist2, 500 cash. Dec. 31 Recorded amortization on the new limousine by the DDB method. (Assume an eight-year life and a residual value of exist20,000.) Luxury Limousines' amortization policy states that the company will take a full month's amortization on purchase occurring up to and on the 15th day of the month and will not take any amortization for the month if the purchase occurs after the 15th day of the month. Required Record the transactions in the general journal, indicating whether each transaction amount should be capitalized as an asset or expensed. Round all calculations to the nearest dollar