Cullumber Company sells office equipment on July 31,2022 , for $22,930 cash. The office equipment originally cost $79,340 and as of January 1,2022 , had accumulated depreciation of $41,660. Depreciation for the first 7 months of 2022 is $3,930. 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.)