QUESTION FOUR Light Engineering Light Engineering owns a number of vehicles, details of which are given below. Manager's car, Lexus Purchased for K170,000 on 1 June 2018. Salesman's car, Toyota Allion purchased for K125, 000 on 1 August 2019 Van, Isuzu purchased for K194, 000 on 2 February 2020. On 5 September 2020 the salesman's car was sold for K76,000 and was not replaced. The business uses the straight line method of depreciation for its vehicles, making a full year's charge in the year of purchase and no charge in the year of sale. All vehicles have an estimated life of four years and a residual value of 10% of their original cost. Required: Write up the following accounts covering the period 2018 to 2020, bringing down the balances at each 31 December year end. (1) Motor vehicles cost accounts (11) Motor vehicles accumulated depreciation (111) Motor vehicle Disposals account (Total: 20 marks)