Cullumber Company sells office equipment on July 31, 2022, for $23,890 cash. The office equipment originally cost $81.740 and as of January 1, 2022, had accumulated depreciation of $35,620. Depreciation for the first 7 months of 2022 is $4.770. Prepare a tabular summary to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment. (if a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Equipment Accum. Depr.-Equip Bal $ $ (a) (b) Cullumber Company sells office equipment on July 31, 2022for $23.890 cash. The office equipment originally cost $81.740 and as of January 1, 2022, had accumulated depreciation of $35,620. Depreciation for the first 7 months of 2022 is $4.770. Prepare a tabular summary to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment. (If a transaction causes a decrease in Assets, Liabilities 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.) Stockholders' Equity Retained Earnings Revenue Expense $ Dividend $ Amortization expense Loss on disposal Depreciation expense Research & development expense Gain on disposal e Textbook and Media