Question 1 (Marks4 25) The following balances appeared in the books of Guzza Traders on 1 July 20z0. Vehicles at cost: R650 000 Accumulated depreciation: Vehicles R320000 - On 30 November 2020 a vehicle with an original cost price of R50 000 was sold for R16000 cash. Accumulated depreciation on this vehicles was R35 000 on 1 July 2020. - On 1 December 2020, a new vehicle to the value of R135000 was purchased on credit. - Vehicles are depreciated at 20% using the diminishing balance method. Required: Prepare the following general ledger accounts for the vear ended 30 June 2021. Ignore VAT. The folio column is not required. Properly balance/close off all accounts. Q.1.1 Vehicles (6) Q.1.2 Depreciation (8) Q.1.3 Asset disposal