Problem 3-4 LNO Inc. is a delivery truck company that delivers packages across Canada. Below is a list of transaction that transpired during 20x9. 1) On January 1, purchased a new delivery truck for $40,000 with a useful life of 5 years. 2) May 18, one of the delivery trucks was in a car accident. The repair costs totaled $3,200. 3) June 1, had $65,000 of credit sales. 4) June 13, repainted all delivery trucks. The total cost was $4,800. 5) July 1, performed yearly maintenance on delivery trucks. The total cost was $600. 6) August 15, purchased a new delivery truck for $15,000 with a useful life of 3 years. On September 8, collected $48,000 from the customers for outstanding sales from June 1. 7) Required - 1) Record the journal entries for the above transactions. 2) Record any adjusting entries required at December 31, 20x9. 3) What would be the NBV of Truck 1 and Truck 2 at December 31, 20x9?