The following transactions and adjusting entries were complesed by Legacy Fumtute Co ouring a thare-yeat period All are related to the use of delivery equiptrent. The doubledocening-bolance method of deprnciotion is used Year 1 Jan 4 Purchased as used delvery truck for 5280000 paying cash Nov. 2 Paid garage s675 tor miscelaneous repait to the truck. Dec. 31 Recorded degreciation on the truck, for the sear. The estreated useful life of the truckis four years. with a residual value of 55,000 for the truck Yeat 2 Jan. 6 Purchased a new truck for 548.000, paying cash Apr. 1 Sold the used truck parchased on Jantary 4 of Year 1 for 515,000 . (Record deprecation to-date in Year 2 for the truck) June 11 Pait garage 5450 for miscellaneous repairs to the truck Bec 31 Record depreciation for the new truck it has an estimaled residual value of $9.000 and an estimated Le of twe vears. Year 3 July 1 Purchased a new truck for $54,000, paying cash. Oct 2 Sold the truck purchased January 6 , Year 2 , for $16,750. (Record depreciation fo date for Year 3 for the truck) Dec.31 Recorded depreciason on the remaining truck purchased on July 1. it has an estimated residual valio of $12,000 and an estenated useful ife of eight years: Required: Jounaize the transactions and the adjusting entries Aefer to the chant of accounts for the exact wording of the account tices. Cwow jourthass do not cse lines for joumaf explanations. Every line on a joumal page is used for debit or creat entries. CNowjocmals wil attomaticaly indent a credr entry when a credr amount is entered