Required Information [The following information applles 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 $14,600. They expect to use the Suburban for five years and then sell the vehicle for $5,800. The following expenditures related to the vehicle were also made on July 1,2022 : - The company pays $2,450 to GE/CO for a one-year Insurance policy. - The company spends an extra $5,600 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,650 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 22,2022 , the company pays $1,700 for basic vehicle maintenance related to changing the oll, replacing the windshield wipers, rotating the tires, and Inserting a new alr filter. equired: Record the expenditures related to the vehicle on July 1,2022 . Note: The capltalized cost of the vehicle is recorded in the quipment account. (If no entry is required for a transaction/event, select "No Journal Entry Requlred" In the filst account fleld.) Journal entry worksheet Record the expenditures related to the new vehicle. Note: Enter debits before credits