Ch 9 Hmwk Help Save& Exit Submit Seved Check my work Required information The following information applies to the questions displayed below Part 1 of 2 As part of a major renovation at the beginning of the yeat, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1,250 cash. The shelves originally cost $8,200 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of 1.25 points $700 eBook Pint References 1. Complete the table below, indicating the account, amount, and direction of the effect on 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 intermediate calculations.) Liabilities Cash