The following transactions and adjusting entries were completed by Robinson Furniture Co, during a three-year period, Alt are related to the use of delivery equipment. The double-declining-balance method of depreciation is used. Year 1 January 8 . Purchased a used delivery truck for $38,400, paying cash. March 7. Pald carage $170 for changing the oll, replacing the oll fitter, and tuning the engine on the delivery truck. December 31. Recorded depreciation on the truck for the fiscal yeac, The estimated useful life of the truck is 8 years, with a residual value of $8,100 Year 2 January 9. Purchased a new truck for $44,100, paying cash. February 28. Paid garage $400 to tune the engine and make other minor repairs on the used truck. Aprla 30. Sold the used truck for $25,300. (Record depreciation to date in Year 2 for the truck:) December 31. Record depreciation for the new truck. ft has an estimated residual value of $7,900 and an estimated life of 7 years. Year 3 September 1. Purchased a new truck for $95,000, paying cash. September 4. Sold the truck purchased January 9, Year 2, for \$26,600, (Record depreciation to date for Year 3 for the truck.) December 31. flecorded depreciation on the remaining truck. It has an estimatich resilfual value of $17,100 and an estimated useful tife of 10 vears Required: Joumalize the transactions and the adjusting entries; If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Round your final answers to the nearest cent. Journalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Round your final answers to the nearest cent. Ascumulated Derocesantion.Deflivery Truck April 30 sale Accumidated Derecectation:Delivery Truck Cash Losson sale of pedivery truck = Deirecy Truck December 31 Year 3, September 1 95,000 September 4 Sole sesh= Accumulated Oopreciation-Delivery Truck o gelivery truck * Gain onsale of oelwery truak December 31 2,000 x 7000 x