Assume that Gonzalez Company purchased an asset on January 1, 2008, for $60,000. The asset had an estimated life of six years and an estimated residual value of $6,000. The company used the straight-line method to depreciate the asset. Assume that Gonzalez Company sold the asset on July 1, 2010, and received $15,000 cash and a note for an additional $15,000. Required: 1. Identify and analyze the effect of the transaction for depreciation for 2010. If no entry is required in an account box, select "No entry" and leave it the amount box blank