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A depreciation schedule for semi-trucks of Blossom Manufacturing Company was requested by your auditor soon after December 31, 2021, showing the additions, retirements, depreciation, and other data affecting the income of the company in the 4-year period 2018 to 2021, inclusive. The following data were ascertained. Balance of Trucks account, Jan 1, 2018 Truck No. 1 purchased Jan 1, 2015, cost $22,140 Truck No.2 purchased July 1, 2015, cost 27,060 Truck No. 3 purchased Jan 1, 2017, cost 36,900 Truck No. 4 purchased July 1, 2017, cost 29,520 Balance, Jan. 1, 2018 $115,620 The Accumulated Depreciation-Trucks account previously adjusted to January 1, 2018, and entered in the ledger, had a balance on that date of $37,146 (depreciation on the four trucks from the respective dates of purchase, based on a 5-year life, no salvage value). No charges had been made against the account before January 1, 2018. Transactions between January 1, 2018, and December 31, 2021, which were recorded in the ledger, are as follows. July 1, 2018 Truck No. 3 was traded for a larger one (No. 5), the agreed purchase price of which was $49,200. Blossom. paid the automobile dealer $27,060 cash on the transaction. The entry was a debit to Trucks and a credit to Cash, $27,060. The transaction has commercial substance. Jan. 1, 2019 Truck No. 1 was sold for $4,305 cash; entry debited Cash and credited Trucks, $4,305. July 1, 2020 A new truck (No. 6) was acquired for $51,660 cash and was charged at that amount to the Trucks account. (Assume truck No.2 was not retired.) July 1, 2020 Truck No. 4 was damaged in a wreck to such an extent that it was sold as junk for $861 cash. Blossom received $3,075 from the insurance company. The entry made by the bookkeeper was a debit to Cash, $3,936, and credits to Miscellaneous Income $861, and Trucks, $3,075. Entries for straight-line depreciation had been made at the close of each year as follows: 2018, $25,830; 2019, $27,675; 2020, $30,812; 2021, $37,392. Prepare one compound journal entry as of December 31, 2021, for adjustment of the Trucks account to reflect the correct balances as revealed by your schedule, assuming that the books have not been closed for 2021. (If no entry is required, select "No Entry"for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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