Jessica Grewal decided to open a food truck business, the Samosa Shack. She encountered the following arsactions in managing her equipment over the first 2 years of her business April 1, 2018 Purchased food truck for $61,000 and paid 19.00 to have a commercial ove installed other that she incurred are $6,500 for ensurance the truck for the first year. 33.000 to the truck painted with her Soosa Shack logo. Jeste estimates that the truck would last year and have a 56,000 residual valu The oven is also expected to last years and have 11.00 residual value BOOK October 1, 2018 The oven broke down and cost $1. to repair December 31, 2018 rences April 1, 2019 Recorded the adjusting entry for depreciation and insurance Replaced all of the tires with all season tires for $3,400 and paid another year of Insurance for $6,00 Recorded the adjusting entry for depreciation and Insurance. Jessica was exhausted from the food truck business, and decided to go back to school and sell the food truck to her friend Mark. He paid her 527,000 for the truck and oven, which included for the oven component. December 31, 2019 March 31, 2020 Note: The company calculates depreciation using the straight line method to the nearest month Required: Record all the entries for the 2 years that Jessica owned the truck, including the disposal of the truck and oven