Exercise 10-03 Pearl Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2020. The terms of acquisition for each truck are 1. Truck 1 has a list price of $24,150 and is acquired for a cash payment of $22 379 2. Truck 2 has a list price of $25,760 and is cuired for a down payment of $3,220 cash and a reinterest-bearing note with a face amount of $22,540. The note is due April 1, 2021. Peart would normally have to pay interest at a rate of for such a borrowing, and the dealership has an incremental borrowing rate of 3. Truck 3 has a list price of $25.760. It is acquired in exchange for a computer system that Pearl carries in inventory. The computer system cost $19,320 and is normally sold by Pearl for $24,472 Pearl uses a perpetual inventory system 4. Truck 34 has a list price of $22.540. It is acquired in exchange for 1,090 shares of common stock in Pearl Corporation. The stock has a par value per share of $10 and a market price of $13 per Prepare the appropriate journal entries for the above transactions for Pearl Corporation (Round present value factors to decimal places, ..0.52587 and final answers to 2 decimal places, e.. 52.75. Credit account tities are automatically indented when amount is entered. Do not indent manually. If ne entry is required, select "No Entry for the account tities and enter for the amounts.) No. Account Tities and Explanation Debit Credit