Kent Morgan is the Managing Director of Hot Pies Ltd, a producer of meat pies and sausage rolls. Kent has recently purchased a delivery van to distribute the pies and sausage rolls to bakeries in Melbourne. You are the newly appointed accountant of Hot Pies Ltd. Kent emails you with the following information: The company purchased the delivery van on 1 August 20x6 at a cost of $55,000 (GST inclusive). Our first delivery using the van occurred on 1 September 20x6. We expect the van to have a useful life of 12 years, which equates to about 200,000 kilometres, after which we should be able to sell it for $3,500. During the early years the van will be used for short trips around Melbourne, but once our business expands we expect the van to be used quite often to travel throughout Victoria. For example, in the first year the van only travelled 5,000 kilometres but in the second year this increased to 10,000 kilometres. As the accountant, I am providing this information to help us calculate depreciation on the delivery van using the most appropriate methods. REQUIRED Prepare adjusting entries to record depreciation as at 30 June 20x7 and 30 June 20x8 under the straight-line, reducing-balance and units of production methods. For the reducing-balance method, assume a depreciation rate of 30%. Narrations are NOT required.