Discussion Questions and Problems 8. Baker's Haulage is a trucking business. Expenses include truck repairs. The following repair-related transactions happened in the current year: (i) On January 1, $550 was owed for repairs carried out in the previous year. (ii) During the year, a total of $25,000 was paid out to repair shops. (iii) On December 31, $750 was owed to repair shops. Required Calculate the truck repair expense for the year. Dolce Tow