CRITICAL THINKING MINI CASE Two years ago, on March 1, 2018, General Recycling Management Systems purchased five used trucks and debited the Trucksaccount for the total cost of $180.000. The estimated useful life and residual value per truck were determined to be five years and $5.000, respectively $36,000 was paid for a two-year imarance policy covering the trucks effective March 1, 2015 this amount was also debited to the Trucks account since it related to the trucks On February 1, 2019, new motors were installed in the trucks, parts cost $33,000, and labour was $7,000. New tires were also installed on this date at a total cost of $32.000, and each truck was given an oil change in addition to some minor brake work, the total cost was $2.500. All of these costs were debited to the Trucksaccount. Profit for the years ended December 31 2019, and 2020 were $78,000 and $85,000. The manager of the business was paid a bonus equal to 15% of profit: the 2019 lomas was paid on Februay 1, 2020, and recorded on that date as a debit to Bonus Expense and credit to Cals the 2020 amount on paid on February 2021, and recorded on that date as a debit to Bonus Expense and credit to Cath. Required Using the elements of critical thinking, comment on whether all of these itens should have been recorded to the trick account . What would the impact be to profit if some of the items were recorded as expense Art, what would the difference be to the manages tomis paid? What are your thoughts on the ethies involved in the station