Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1, 2022 for $14,000. They expect to use the Suburban for five years and then sell the vehicle for $5,500. The following expenditures related to the vehicle were also made on July 1, 2022 The company pays $2,300 to GEICO for a one-year Insurance policy. The company spends an extra $5,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides An additional $2,500 is spent on a deluxe roof rack and a trailer hitch The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22, 2022, the company pays $1,400 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter, Requirement General Journal General Ledger Trial Balance Balance Sheet Income Statement Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection Income Statement For the period ended December 31, 2022 Revenue: $ 0 0 0 0 Net sales 0 Gross profit $ $ 0 Expense: 0 Total operating expenses Operating income Non-operating items: 0 0 0 0 Income before Income Taxes 0 0 $ 0 an Palance Sheet Journal entry worksheet Record the expenditures related to the vehicle on July 1, 2022. Note: The capitalized cost of the vehicle is recorded in the Equipment account. Note: Enter debits before credits. Debit Credit Date Jul 01 General Journal Equipment Prepaid Insurance Cash View general journal Clear entry Record entry Journal entry worksheet Record the expenditure related to vehicle maintenance on October 22, 2022. Note: Enter debits before credits, Date Debit Credit Oct 22 General Journal Repairs and Maintenance Expense Cash Record entry Clear entry View general Journal Journal entry worksheet Record the closing entry for expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Repairs and Maintenance Expense Depreciation Expense Insurance Expense W CAL