Assume that Tsua Enterprises purchased an asset on January 1, 2016, 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 Tsua Enterprises sold the asset on July 1, 2016, and received $13, 500 cash and a note for an additional $16, 500. Make the journal entry to record depreciation for 2016 How does this entry affect the accounts equation? Indicate the effect on financial statement Hems by selecting "-" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement