Do It! Review 7-2a On January 1, 2017, Marin Country Club purchased a new riding mower for $15,300. The mower is expected to have a 10-year life with a $2,800 salvage value. Prepare a tabular summary to record depreciation expense on December 31, 2017, if Marin uses straight-line depreciation. (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.) Assets = Liabilities + Stockholders' Equity Retained Earnings Revenue - Expense - Cash + Equipment - Accum. Depr. - Equip. = + Common Stock + Dividend Bal. $