Tower Company owned a service truck that was purchased at the beginning of 2018 for $31,000. It had an estimated life of three years and an estimated salvage value of $4,000. Tower company uses straight-line depreciation. Its financial condition as of January 1, 2020, is shown in the following financial statements model.

In 2020, Tower Company spent the following amounts on the truck:

a.Record the 2020 transactions in a statements model like the preceding one. (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change and NA for not affected. Round your answers to the nearest dollar amount. Enter any decreases to account balances with a minus sign.)

Jan Overhauled the engine for $6,000. The estimated life was extended one additional year, and the salvage value was revised tO $3,000 July 6 Obtained oil change and transmission service, $250 Aug. 7 Replaced the fan belt and battery, $350. Dec. 31 Purchased gasoline for the year, $7,500 31 Recognized 2018 depreciation expense. Jan Overhauled the engine for $6,000. The estimated life was extended one additional year, and the salvage value was revised tO $3,000 July 6 Obtained oil change and transmission service, $250 Aug. 7 Replaced the fan belt and battery, $350. Dec. 31 Purchased gasoline for the year, $7,500 31 Recognized 2018 depreciation expense