Aequired information [The following information applies to the questions displayed beliow] As part of s major renovation at the beginning of the yeos, Adase Phomsceuficals, fncorporafed, sold thelving units (recorded as Equpment that were 10 yeers eld for $1,390 cash. The shelves originoly cost 54,440 and had been degreciated on a straight-ine basis over an estimsted useful life of to years weh an estimated residual value of 5740 . Required: 1. Complete the accounting equatioa below. indicoting the occount amount, and the etfect of disposal. Assume that depreciation has been recorded to the dile of sale. (Enter any decreases to Assets, Llabilities, or Stockholdery' Equity with a minus sign. Do net round intermediate calculations) Required information [The following information applies to the questions displayed below] As part of a major renovation at the beginning of the year, Atlase Pharmaceuticals, Incorporated, sold shelving units (recorded as Equipment that were 10 years old for $1,310 cash. The shelvos originally cost $8,440 and had been depreciated on a stralght-line basis over an estimated useful life of 10 years with an estimated residual value of $740. 4repare the journal entry to record the sale of the shelving units, (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Record the sale of the sheiving units for $1,310. NWmi Inter destiv before cretes