Required Information RWP7-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1,2025 , for $15,400. They expect to use the Suburban for five years and then sell the vehicle for $6,200. The following expenditures related to the vehicle were also made on July 1,2025 : - The company pays $2,650 to GEICO for a one-year insurance policy. - The company spends an extra $6,400 to repalnt the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,850 is spent on a deluxe roof rack and a traller hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22,2025 , the company pays $2,100 for basic vehicle maintenance related to changing the oll, replacing the windshield wipers, rotating the tires, and inserting a new alr filter. RWP7-1 (Algo) Great Adventures Continuing Case Part 5 Required: 5. Record the sale of the vehicle two years later on July 1,2027 , for $13,400. (If no entry Is required for a transaction/event, select 'No Journal Entry Required" In the flist account fleld.) Journal entry worksheet Note: Enter debits before credits