Requlred information RWP7-1 (Algo) Great Adventures Continuing Case [The following informotion opplies to the questions disployed below.] Tony and Suzie see the need for rugged oll-terrain vehicle to trensport porticiponts snd supplies. They decide to purchase o used Suburban on July 1, 2025, for $12,600. They expect to use the Suburbon for five yeers and then sell the vehicle for $4,800. The following expenditures related to the vehicle were also mede on July 1, 2025: - The compeny pays $1,950 to GE/CO for a one-year insurance policy. - The company spends on extra $3,600 to repoint the vehicle, placing the Great Adventures logo on the front hood, beck, and both sides. - An additional $2,150 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hitch are oll expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22,2025 , the company pays $700 for bosic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting o new air filter. RWP7.1 (Algo) Great Adventures Continulng Case Part 5 Required: 5. Record the sole of the vehicle two years later on July 1, 2027, for $10,600. (If no entry Is required for a transaction/event, select "No Journal Entry Required" In the first account field.) Journal entrv worksheet