Do It! Review 7-3 Cheyenne Company has an old factory machine that cost $71,750. The machine has accumulated depreciation of $40,180. Cheyenne has decided to sell the machine. (a) Prepare a tabular summary to record the sale of the machine for $35,875 cash. (b) Prepare a tabular summary to record the sale of the machine for $21,525S cash. (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 s Liabilities + Stockholders' Equity Retained Earnings Cash + Equipment Accum. Depr. - Equip. + Common Stock RevenueExpenseDividend Bal Assets s Liabilities+ Stockholders' Equity Retained Earnings Cash + EquipmentAccum. Depr. Equip. + Common Stock + Revenue -Dividend Bal