Do It! Review 7-3 Concord Company has an old factory machine that cost $56,750. The machine has accumulated depreciation of $31,780. Concord has decided to sell the machine (a) Prepare a tabular summary to record the sale of the machine for $28,375 cash (b) Prepare a tabular summary to record the sale of the machine for $17,025 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.) () = Liabilities + Stockholders' Equity Assets Retained Earnings Common Stock + Equipment Accum. Depr. Equip. Revenue Dividend Cash xpense Bal. S (b) = Liabilities + Assets Stockholders' Equity Retained Earnings Common Stock + Accum. Depr. Equip. = Cash Equipment Revenue Expense Dividend Bal. S Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT