The following transactions and adjusting entries were cornoleted by Legacy Furniture Co. during a three-year period As are reiatind to the use of deivery aquartari. Thet dodble-decliningstalince method of depreciaticn is usod. Yeat 1 Jan. 4. Purchased a used delivery truck for \$28,400, paying cash. Nov. 2. Paid garage $710 for miscelanecus repairs to the truck. Dec: 31. Recorded depreciation on the truck for the year, The estimated useful life of the truck is four years, with a tesidual value of $4.035 for the truck. Yoar 2 Jan, 6. Purchased a new truck for $46,800, paying cash. Apr, 1. Sold the used truck tor $15,145. (Record depreciation to date in Year 2 for the truck.) June 11. Paid garage 5465 for miscellaneous repairs to the truck. Dec. 31. Recoed degreciation for the new truck. It has an estrnated residual value of 58,560 and an estrraled life of tive years. Yeat 3 July 1. Purchased a new truck for $52.960, paying cash. bumailze the transactions and the adjusting entries. Refer to the Chart of Accounts for exact worching of account tikes. Instructions Chart of Accounts CHART OF ACCOUNTS Legacy Furniture Co. General Ledger ASSETS110Cash111PettyCash112AccountsReceivable114interestReceivable115NotesReceivable116Merchandiseinventory117Supples119PrepaidInsurance120LandREVENUE410Sales610InterostRevenue620GainonSaleofDeliveryTruck621GainonSaleofEquipmentExPENSES510CostofMerchandiseSold520SalahisExpense521AdverisingExpense Joumsize the Yeur 2 transaceions and adfusting entries on Page 2 doumilise the Year 2 toassactions and adusting antint on Paov 2 . doumalize the war fo transacthons and adfusitig entries on Page 3 . Transactions for fixed assets, including sale