The following selected ledger account balances relate to Turner Honey & Pollination Services on 1 July 2019. CR DR 275 000 245 000 Honey Shed Honey Extracting Equipment Accumulated Depreciation - Honey Extracting Equipment Motor Vehicles Accumulated Depreciation - Motor Vehicles 222 500 470 250 224 590 The Equipment has a residual value of $30 000 and is being depreciated using the diminishing balance method at a rate of 20%. The vehicles have a residual value of $75 000 and are being depreciated on a straight-line basis over ten years. The following events relate to the non-current assets of Turner Honey & Pollination Services. 2019 1 July Paid $8 000 to install a new reversing camera and make other improvements to the motor vehicles that extended their useful life to five years (from this date, 1 July, 2019) and increased their expected residual value to $120 000. 2020 1 Jan Traded-in all the existing equipment for new equipment costing $425 500. Turner Honey & Pollination Services received a trade-in allowance of $35 000 on the used equipment, and paid the remainder in cash. A diminishing balance depreciation rate of 30% will apply to the new equipment. 1 March Paid $1 700 for the first regular maintenance and service of the new equipment. 30 June Depreciate the vehicles and equipment as part of normal end of year adjustments. Required: Prepare entries in general journal form to record the events described above. You are not required to complete narrations or posting references, however, if a calculation is involved you should show the calculation under the relevant entry. Ignore GST