Cucumber Compsysy sells office equipment on July 31,2031 , for $16,000 cash. The office equipment originally cost $71,000 and as of January 1, 2031, had accumulated depreciation of $41,000. Depreciation for the first 7 months of 2031 is $4,750. (Hint: If net book value of an asset is greater than the sales price, then, it will be loss. If the sales price is greater than the net book value of an asset, then, it will be gain.) Chart of Accounts - List debit transactions first and then list credit transactions. - Use accounts provided in the Chart of Accounts above. Do NOT create your own account. - When typing your responses, do NOT include a dollar sign. For example, if your answer account. - When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Prepare the journal entries to (a) update depreciation to July 31, 2031, and (b) record the eals of the axi inmant