Carla Vista Ltd. purchased a delivery truck on July 1, 2024. The list price of the new truck was $104,000. Carla Vista offered a used truck as a trade-in on the purchase. The used truck had been purchased for $42.000 and the accumulated depreciation to the date of the exchange was $38,700. Carla Vista looked up the fair value of the used truck on a local web site and found that its used truck had resale value of $5,300. The dealer offered a $7,300 trade-in allowance on the purchase of the new truck. The deal was concluded and Carla Vista paid $96,700 on the exchange. On November 1, 2024, a set of snow tires were purchased for $1,100. On December 31 , 2024, the company's year-end, Carla Vista recorded depreciation using the straight-line method, using an estimated useful life of 6 years and an estimated residual value of \$6.300. On January 2, 2025, an inexperienced driver had an accident and totally destroyed the truck. The insurance company paid Carla Vista $92,625 for the truck. a. Record the transaction on July 1, 2024. b. Record the transaction on November 1,2024 . c. Record the adjusting entry on December 31,2024 . d. Record the transaction on January 2, 2025