Every license holder shall maintain a record in the form prescribed by the department to show:

(1)  The motor and serial number of every vehicle acquired to be wrecked or dismantled, the date of acquisition, and the name and residence of the person from whom the vehicle was acquired;

(2)  A description sufficient to identify every motor vehicle body, engine, or other major component which is sold, the vehicle identification number, the date of the sale, and the name and residence of the person to whom sold.

(3)  Any other records the department deems necessary.