Culver Corporation builds in-home theater systems. Culver's business is growing quickly. Therefore, the CEO, Paul Culver, decides to purchase three new trucks on September 20, 2017. The terms of acquisition for each truck are described below. 1. The first truck's list price is $23,520. Culver exchanges home theater equipment from its inventory for the truck. The home theater equipment cost Molitor $14,560. Culver normally sells the equipment for $22,120. Culver uses a perpetual inventory system. 2. The second truck has a list price of $24,640. Culver makes a down payment of $5,600 cash on this truck and signs a zero-interest-bearing note with a face amount of $19,040. Payment of the note is due September 20, 2018. Culver would normally have to pay interest at a rate of 8% for such a borrowing. 3. The list price of the third truck is $21,504. This truck is acquired in exchange for 1,344 shares of common stock in Culver Corporation. The stock has a par value per share of $13 and a market price of $15 per share. Prepare the appropriate journal entries for the above transactions for Culver Corporation. (Round present value factors to 5 decimal places, e.g. 0.52587 and final answers to 2 decimal places, e.g. 5,275.50. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. acc 2. 3