The following transactions and adjusting entries were completed by Legacy Furniture Co$.$ during a $3-$year period. All are related to the use of delivery equipment. The double$-$declining$-$balance method of depreciation is used.Year $1$Jan. $4.$Purchased a used delivery truck for $$28,400,$ paying cash.Nov. $2.$Paid garage $$750$ for miscellaneous repairs to the truck.Dec. $31.$Recorded depreciation on the truck for the year. The estimated useful life of the truck is $4$ years, with a residual value of $$5,265$ for the truck.Year $2$Jan. $6.$Purchased a new truck for $$49,700,$ paying cash.Apr. $1.$Sold the used truck for $$15,140.($Record depreciation to date in Year $2$ for the truck.$)$June $11.$Paid garage $$475$ for miscellaneous repairs to the truck.Dec. $31.$Record depreciation for the new truck. It has an estimated residual value of $$8,795$ and an estimated life of $5$ years.Year $3$July $1.$Purchased a new truck for $$53,240,$ paying cash.Oct. $2.$Sold the truck purchased January $6,$ Year $2,$ for $$17,394.($Record depreciation to date for Year $3$ for the truck.$)$Dec$.31.$Recorded depreciation on the remaining truck. It has an estimated residual value of $$11,025$ and an estimated useful life of $8$ years.Required:Journalize the transactions and the adjusting entries.