E7-30A (similar to) On January 2, 2018, Potier Furniture purchased display shelving for $8.500 cash, expecting the shelving to remain in service for five years. Polter depreciated the shelving on a double-declining balance basis with $2.000 estimated residual value. On September 30, 2018, the company sold the shelving for $2.600 cash Read the requirement Start by recording depreciation expense on the shelving for 2018. (Record debits first, the credits. Exclude explanations from any jumaleries) Start by recording depreciation expense on the shelving for 2010. Record dabits first the credits. Exclude explanations from any oumal entries) Journal Entry Accounts Debit Credit Oct 31 Date Show how to compute the gain or loss on the disposal of the shelving. (Use a minus sign or parentheses for a loss.) Gain (Loss) on sale Now record the sale of the shelving on October 31, 2019 Now record the sale of the shelving on October 31, 2019. Journal Entry Accounts Debit Date Credit Oct 31