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23 Part 5 of 5 Required information Great Adventures Problem AP7-1 The following information applies to the questions displayed below) Tony and Suzle see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1, 2022, for $14,000. They expect to use the Suburban for five years and then sell the vehicle for $5,500. The following expenditures related to the vehicle were also made on July 1, 2022 6.56 look The company pays $2,300 to GEICO for a one-year Insurance policy The company spends an extra $5,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. . An additional $2,500 is spent on a deluxe roof rack and a trailer hitch. Print References The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22. 2022, the company pays $1,400 for basic vehicle maintenance related to changing the oil. replacing the windshield wipers, rotating the tires, and inserting a new air filter Great Adventures Problem AP7-1 Part 5 Record the sale of the vehicle two years later on July 1, 2024, for $12,000. (if no entry is required for a transactionlevent, select "No View transaction is Vlow Journal ontry worksheet No Debit Credit Date July 01, 2024 General Journal Cash Accumulated Depreciation Equipment