On January 2,2018, Claymore Corporation purchased a vehicle for $67,500 cash. The company uses straight-line depreciation and estimates that the vehicle will have a five-year useful life. The company has a December 31 year end and adjusts its accounts annually. Part 1 Part 2 Prepare the adjusting entries required on December 31, 2018, and 2019.(Credit account titles are automatically intended when the amount is entered. Do not Indent manually. If no entry ls required, select No Entry" for the account titles and enter o for the amounts.) Credit Debit Date Account Titles and Explanation Dec. 31, 2018 Dec. 31, 2019 Indicate the statement of financial position presentation of the vehicle at December 31, 2018 and 2019. CLAYMORE CORPORATION Statement of Financial Position (partial) 2019 2018 Property, Plant, and Equipment Carrying Amount