As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1.130 cash. The shelves originally cost $7, 720 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $620. Complete the table below, indicating the account, amount, and direction of the effect on disposal. Assume that depreciation has been to the date of sale