Exercise 9-35 Purchase equipment, depreciation, disposal of equipment LO2, 3, 6 Jessica Grewal decided to open a food truck business, the Samosa Shack. She encountered the following transactions in managing her equipment over the first 2 years of her business. Apri1 1, 2021 October 1, 2021 December 31,2821 Apri1 1, 2022 December 31,222 March 31, 2023 Purchased food truck for $75,96 and paid $7,506 to have a comercial oven installed. other costs that she incurred are $7,590 for insurance on the truck for the first year, and $9,060 to have the truck painted with her Samosa Shack logo. Jessica estimates that the truck would last 5 years and have a $6,600 residual value. The oven is also expected to last 5 years and have a $600 residual value. The oven broke down and cost $3,09e to repair. Recorded the adjusting entry for depreciation and insurance. Replaced al1 of the tires with al1-seasen tires for $3,000 and paid another year of insurance for 57,509. Recorded the adjusting entry for depreciation and insurance. Jessica was exhausted from the food truck business, and decided to go back to school and sel1 the food truck to her friend Mark. He paid her $36,0e9 for the truck and oven, which included $6e for the oven component. Note: The company calculates depreclation using the straight-line method to the nearest month. Required