2 Required information [The following information applies to the questions displayed below.) Part 2 of 3 10 points 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 $12,200. They expect to use the Suburban for five years and then sell the vehicle for $4,600. The following expenditures related to the vehicle were also made on July 1, 2022: The company pays $1,850 to GEICO for a one-year insurance policy. The company spends an extra $3,200 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additional $2,050 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 $500 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. 3. Prepare a depreciation schedule using the straight-line method. % Answer is complete but not entirely correct. GREAT ADVENTURES Year 2022 2023 2024 End of Year Amounts Depreciation Accumulated Expense Depreciation $ 1,285$ 1,285$ 1,285 % 2,570 X 1,285 % 3,855 x 1,285 X 5,140 X 1,285 X 6,425 X 1,285 7,710 % $ 7,710 Book Value 15,705 X 13,135 X 11,850 X 10,565 X 9,280 X 7,795 % 2025 2026 2027 Total