Cindy' Recycling Ltd commenced business on 31 March 2016 in the recycling industry. The end of reporting period is 31 December. The following events occurred during 2016: 2016 April 1 Paid exist120 000 cash for a second-hand disposal truck. Paid exist1500 cash to recondition the truck's engine. June 30 Paid exist24 000 cash for equipment. The company estimated the equipment's useful life at 15 years and residual value at exist2 000. Aug. 31 Paid exist600 cash for the truck's transmission repairs and oil change. Dec. 31 Recorded depreciation on the truck at 40% p.a. on the diminishing balance, and on the equipment using the straight-line method. Required Prepare journal entries to record the events. Ignore GST