Cullumber Company has delivery equipment that cost $52,700 and has been depreciated $24,800.

Prepare a tabular summary to record the disposal under the following assumptions.

It was sold for $37,200. (If a transaction causes a decrease in Assets, Liabillties or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)