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repare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first ccount field.) Journal entry worksheet Record the expenditures related to the vehicle on July 1, 2025, Note: The capitalized cost of the vehicle is recorded in the Equipment account. Note: Enter debits before credits. GREAT ADVENTURES, INCORPORATED Income Statement For the Period Ended December 31, 2025 \begin{tabular}{|l|l|l|} \hline Revenues: & & \\ \hline & & \\ \hline & & \\ \hline Net Sales & & \\ \hline & & \\ \hline Gross Profit & & \\ \hline Operating Expenses: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Operating Expenses & & \\ \hline Operating Income & & \\ \hline Non-Operating Items: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} 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 1,2025 , for $12,400. They expect to use the Suburban for five years and then sell the vehicle for $4,700, The following expenditures related to the vehicle were also made on July 1, 2025: - The company pays $1,900 to GEICO for a one-year insurance policy. - The company spends an extra $3,400 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,100 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 22,2025 , the company pays $600 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. Unadjusted Income Statement