assets=liabilities+stockholders equity

Required information [The following information applies to the questions displayed below] As part of a major renovation at the beginning of the year, Atiase Pharmoceuticals, incorporated, sold shelving units (recorded as Equipment that were 10 years old for $1,400 cash. The shelves originally cost $8,800 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $800 Required: 1. Complete the accounting equation below, indicating the account, amount, and the effect of disposal. Assume that depreciation has been recorded to the date of sale. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round intermedlate calculations)