Situation $2$: Malcolm Limited acquired a truck to deliver and install its specialized

products at the customer's site. The vehicle's list price was $$135,000,$ but customization

added another $$30,000$ in costs. Malcolm took delivery of the truck on September $30,$

$2020,$ with a down payment of $$15,000,$ signing a four$-$year, $8\mathrm{.}0\%$ note for the

remainder, payable in equal payments of $$43,488$ beginning September $30,2021.$

Malcolm expected the truck to be usable for $500$ deliveries and installations. After that,

the product's technology would have changed and made the vehicle obsolete. In late

July $2023,$ the truck was destroyed when a concrete garage collapsed. Malcolm used

the truck for $45$ deliveries in $2020,125$ in $2021,134$ in $2022,$ and $79$ in $2023.$ The

company received a cheque for $$12,000$ from the insurance company and paid what

remained on the note.

Required #$2$:

Prepare all entries that are needed to record the events and activities related to the

truck, the note, and its interest, including the depreciation expense on the truck each

year. Assume that Malcolm uses an activity approach to depreciate the truck, and bases

it on deliveries. Round all amounts to the nearest dollar.

Plz provide all solutions and calculations