On 30 June 2020, RMJ KidsRUs Ltd decides to sell its delivery car and replace it by purchasing a new delivery van which would offer greater capacity to move products. The old delivery car had originally been recorded at a cost of $23 .000. had an estimated residual value of $1,900 and had a carrying value of $5,300 as at 30 June 2020 (the day it was sold). RMJ KidsRUs Ltd sold the delivery car for $5,900 in cashOn 1 July 2020, RMJ KidsRUs Ltd acquired a large delivery van with a list price of $124,000 but was able to negotiate a 6% discount for cash payment. RMJ KidsRUs Ltd also paid cash of $9,100 for mandatory third-party insurance, $7,800 for compulsory stamp duty, $9,500 for a 5-year insurance policy, and $11,500 to install customised shelving within the van as needed to facilitate safe storage of goods to be deliveredThe delivery van has a $21,000 residual value and ATO rules state that it must be depreciated using the Reducing Balance method (at 2 x straight-line rate), over its 10-year useful lifeRequired:a) Journalise the sale of the old delivery car on 30 June 2020 (2 marks)b) Journalise all transactions relating to the delivery van purchase on 1uly 2020 (2 marks) c) Journalise the depreciation of the new delivery truck for the financial year ending 31 December 2020 (2 marks)Note: No explanations are required to accompany the journals, and please distinguish between your responses to part a), b) and c)