Prepare the following journal entries for Jin's Gifts: May 3 Jin's Gifts purchases a vehicle to make deliveries and make other business-related trips. Jin's Gifts pays for the vehicle in cash. The vehicle costs $30,000, has a five-year useful life, and will have no residual or salvage value at the end of five years. May 5 Bob makes a large purchase of $20,000 worth of gifts for a VIP event. He pays $10,000 in cash and gives Jin's Gifts a $10,000 promissory note for the balance. Bob does not have to pay interest on the promissory note, but the note does require him to pay the $10,000 within 90 days. May 25 May 31 Bob pays $5,000 cash to reduce the balance owing on the promissory note. Jin's Gifts makes $80,000 in sales to customers other than Bob during May. These sales are all in cash. For simplicity, record the full $80,000 on May 31