Two years ago, on March 1, 2018, General Recycling Management Systems purchased five used trucks and debited the Trucks account for the total cost of $180,000. The estimated useful life and residual value per truck were determined to be five years and $5,000, respectively. $36.000 was paid for a two-year insurance policy covering the trucks effective March 1, 2018; this amount was also debited to the Trucks account since it related to the trucks. On February 1, 2019, new motors were installed in the trucks; parts cost $33,000, and labour was $7,000. New tires were also installed on this date at a total cost of $32,000, and each truck was given an oil change in addition to some minor brake work; the total cost was $2,500. All of these costs were debited to the Trucks account. Profit for the years ended December 31, 2019. and 2020 were $78,000 and $85,000. The manager of the business was paid a bonus equal to 15% of profit: the 2019 bonus was paid on February 1, 2020, and recorded on that date as a debit to Bonus Expense and credit to Cash; the 2020 amount was paid on February 1. 2021, and recorded on that date as a debit to Bonus Expense and credit to Cash