Current Attempt in Progress Crane Ltd purchased a delivery truck on July 1, 2024. The list price of the new truck was $86.000. Crane offered a used truck as a trade-in on the purchase. The used truck had been purchased for $41.000 and the accumulated depreciation to the date of the exchange was $37.700. Crane 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 $7.200 trade-in allowance on the purchase of the new truck. The deal was concluded and Crane paid 578,800 on the exchange. On November 1I.2024, a set of snow tires were purchased for $1,100. On December 31,2024 , the company's year-end, Crane recorded depreciation using the straight- line method, using an estimated useful life of 6 years and an estimated residual value of $6,100. On January 2,2025, an inexperienced driver had an accident and totally destroyed the truck. The insurance company paid Crane $75,900 for the truck. 2. Record the transaction on July 1, 2024. b. Record the transaction on November 1,2024. c. Record the adpusting entry on December 31, 2024. d. Fiecord the transuction on danwary 2,2025. (Credit account titles are automitically indented when the amount is entered. Do not indent manually. If no entry is reauired. select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries.)