The following events and transactions occurred during the first 2 years of business:

2021-2022

Oct 1 purchased a van to transport riders for $80,000 on credit. The delivery of the van was $2000 and paid in cash. Jenny also paid $4000 to install large-capacity bike racks on the van to enable its use for the intended business activity. The van is expected to have a useful life of 500000 kilometers and a residual value of $1000

Jun 30 recorded the annual depreciation. The van had traveled 70000 kilometers in its first year

2022-2023

Jun 30 recorded the annual depreciation. The van had traveled 140000 kilometers in its second year

A) Prepare the general journal entries and show workings for depreciation calculations

B) Assuming Wendy owns only the van and a piece of land purchased for $100000 in 2023, recreated the non-current asset sanction of the Statement of Financial Position as of 30 Jun 2023.