Robert Niro commenced operations on 30 March 2018 in the rubbish and recycling industry, trading as Midnight Run Services Ltd. The end of the reporting period is 31 December, and the company depreciates all depreciable assets using the straight-line method. The following events occurred during 2021 and 2022: 2021 April 01 Paid $140 000 cash for a second-hand vehicle (Vehicle A). Robert estimated the vehicle's useful life and residual value at 5 years and $20 000. Paid $1500 cash to recondition Vehicle A's engine. June 30 Paid $32 000 cash for equipment. Robert estimated the equipment's useful life and residual value at 10 years and $1500. Aug. 31 Paid $600 cash for Vehicle A's transmission repairs and oil change. Dec. 31 Recorded depreciation on Vehicle A and equipment. 2022 March 13 Paid $290 cash to replace a damaged bumper bar on Vehicle A. Aug. 01 Traded in Vehicle A for a new vehicle (Vehicle B) that cost $240 000. The dealer granted a trade-in allowance of $90 000 on the Vehicle A, and the balance was paid in cash. Robert estimated Vehicle B's useful life and residual value at 7 years and $30 000. Dec. 31 Recorded depreciation on Vehicle B and the equipment. Robert decided to change the basis of measuring equipment to the revaluation model. He assessed the equipment's fair value at 31 December 2016 at $29 000. Required Prepare general journal entries to record the above events.