Tony and Suzle 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 $12.400. They expect to use the Suburban for five years and then all the vehicle for $4.700. The following expenditures related to the vehicle were also made on July 1, 2022 The company pays $1900 to GEICO for one year Insurance policy - The company spends an extra $3,400 to repaint the vehicle, placing the Great Adventures logo on the front hood back, and both sides. - An additional $2.100 is spent on a deluxe roof rack and strailer 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 $600 for beste vehicle maintenance related to changing the oll replacing the windshield wipers, rotating the tires, and inserting a new air filter Great Adventures Problem AP7-1 Part 4 4. Record the depreciation expense and any other adjustments related to the vehicle on December 31, 2022. (If no entry is req for a transaction/event, select "No Journal Entry Required" in the first account field.) Vw braction it Journal entry worksheet Becord the expiration at prepaid insurance