On January 1, 2023, Land's End Construction purchased a used truck for $10,500. A new motor had to be installed to get the truck in good working order; the costs were $15,000 for the motor and $6,900 for the labour. The truck was also painted for $5,400, It was ready for use by January 4, A 12 month insurance policy costing $3,900 was purchased to cover the vehicle. The driver filled it with $210 of gas before taking it on its first trip. It is estimated that the truck has a five-year useful life and a residual value of $7,800 Land's End uses the straight-line method to depreciate all of its vehicles. a. Prepare the entry to record the purchase of truck, insurance, and gas. b. Record the depreciation at yeat-end, December 31,2023