Assume the Laval Limousines completed the following transactions in 2020 and 2021 1. 2020: Jan. 10: Purchased a used limousine paid cash $ 40 000 (use Limousines account) Jan. 11: Paid $ 5 000 to have the engine overhauled Feb. 12: Paid $ 1 200 to repair damage to the limousine as it sat in parking lot June 30: Paid $ 500 for minor tune up of the limousine Dec. 31 : Amortization on the limousine using the Double-Declining- Balance method, with a 5-year life 2. 2021 : April. 1: Traded in the used limousine for a new one costing $ 55 000. The dealer granted a $ 25 000 allowance on the old limousine and the company pays the balance in cash. June 30: Repaired the new limousine's damaged fender for $2 000 Dec. 31 : Recorded amortization on the new limousine by the double-declining-balance method and assuming an 8 year life and a residual value of $20 000 REQUIRED: Record the transactions in the general journal