Trensactions for Fixed Assets, including Sale The following transactions and adjusting entries were completed by legacy furruture Ca. during a three-year period. At are related to the use of delivery equipment. The double-declining-balance method of depreciotion is used. Year 1 Jan. 4 Purchased a used delivery truck for 515,360 , paying cash. Nov, 2 Paid garage $130 for miscellaneous repairs to the truck. Dec: 31 Recorded depreciation on the truck for the vear. The estimated useful ife of the truck is 4 years, with a residual value of $3,200 for the truck. Year 2 Jan. 6 Purchased a new truck for $9,000, poying cash, Apr. 1 Sold the used truck purchased on January 4 of Year 1 for $6,270. (Record depreciation to date in Year 2 for the truck.) June 11 Paid garage $200 for miscellaneous repairs to the truck. Dec 31 . Record depreciation for the new truck. It has an estimated residual valuetor $1,600 and an estimated life of 5 years. Year 3 July 1 Purchased a new truck for $78,000, paying cash. Oct. 2 sold the truck purchased lanuary 6, Year 2, for $3,480. (Record depreciation to date for Year 3 for the truck.) Dec. 31 Recorded depreciation on the remaining truck purchased on July 1. It has an estimuted residual value of $14,000 and an estimated useful life of eight years. Required: Joumalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations, Round your. final answers to the nearest cent. Year 1 Jan,4