Journal Entries for Plant Assets Stellar Delivery Service had the following transactions related to its delivery truck: Year 1 Mar. 1 Purchased for $97,500 cash a new delivery truck with an estimated useful life of five years and a $20,550 salvage value. Mar. 2 Paid $1,800 for painting the company name and logo on the truck. Dec. 31 Recorded depreciation on the truck for the year. Year 2 July 1 Installed air conditioning in the truck at a cost of$5,424 cash. Although the truck's estimated useful life was unaffected, its estimated salvage value was increased by $1,200. Sept7 Paid $450 for truck tune-up and safety inspection. Dec. 31 Recorded depreciation on the truck for the year. Year 3 Sept 3 Installed a set of front and rear bumper guards at a cost of $145 cash Dec. 31 Recorded depreciation on the truck for the year. Year 4 Dec. 31 Recorded depreciation on the truck for the year. Stellar's depreciation policies include (1) using straight-line depreciation, (2) recording depreciation to the nearest whole month, and (3) expensing all truck expenditures of $150 or less. Required Prepare journal entries to record these transactions and adjustments. Round answers to the nearest whole number, when appropriate. Year 1 Year 2 Year 3 Year 4 General Journal Description Debit Credit Date YEAR 1 Mar. 5 To record purchase of truck. Mar. 2 0 0 To record cost of logo Dec. 31 To record depreciation expense. Year 1 Year 2 Year 3 Year 4 General Journal Description Debit Credit Date YEAR 2 Jul. 1 To record cost of air-conditioning, Sep. 7 To record tune-up and safety inspection cost. Dec. 31 To record depreciation expense. Year 1 Year 2 Year 3 Year 4 General Journal Description Debit Credit Date YEAR 3 Sep. 3 To record installation of bumper guards. Dec 31 To record depreciation expense. Year 1 Year 2 Year 3 Year 4 General Journal Description Debit Credit Date YEAR 4 Dec. 31 To record depreciation expense