Transactions for fixed assets, including sale The following transactions and adjusting entries were completed by Robinson Furniture Co. during a three vear period. All are related to the use of delivery equipment. The double: decining balance method of depreciation is used: Year 1 : jant: January 8. Purchased a used delivery truck for $48,600, paying cash. March 7. Paid garage $160 for changing the oil, replacing the oil filtec, and tuning the engine on the delivery truck. Decrmber 31. Reconded depreciation on the truck for the fiscal year. The estimated useful life of the truck is 9 years, with a residual value of 510,200 for the truck: year 2 January 9. Purchased a new truck for $55,860, pavino cash. February 28. Paid garage $410 to tune the engine and make other minor repairs on the used truck. Aprit 30. Sold the used truck for $33,600. (hecord depreciation to date in rear 2 for the truck.) December 31 . Record depreciation for the new truck, it has an estimated residual value of $10,100 and an estimated life of 7 vears Year 3 September 1 . Purchased a new truck for $90,000, paving cash. September 4. Sold the truck purchased January 9, Year 2 , for $34,000. (Record depreciation to date for Year 3 for the truck) December 31 . Recorded depreciation on the remaining truck. It has an estimated residual value of $16,200 and an estimated useful life of 10 years Required: Journalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Reund your final answers to the nearest cent. Journalize the transactions and the adjusting entries, If an amount box does not requre an entry, leave it blank, Do not round intermediate caiculations, Round your inal answers to the nearest cent. Year 1, January 8 March 7 December 31 hear 2, January 9 february za Aprit 30 Depreciation April zo Sale