esmated residual value. On October Read the requirement punchacod daglay sheving for 58,600 cash, expecting the shohing to remain in service for five years Manel deprecisted the sholing on a double decdining balance basikh, with $1.200 31, 2019, the company sold the shelving for $2,300 cash Start by recording depreciation expense on the shelving for 2019.(Record debits first, then credits. Exclude explanations fiom any joumal entries) Journal Entry Date Accounts Debit Credit Oct 31 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 Choose from any list or enter any number in the input telds and then continue to the next question. On January 2,2018, Maxwel Furniture purchased deplay sheliving for $8 500 cash, estimated residual value On October 31, 2019, the company sold the shelving for $2,300 cash Read the requirement p expecing the sheling to remain in service for five years, Maxwell depreciated the sheing on a doutle dedlining balance basi, with $1,200 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 Journal Entry Date Accounts Debit Credit Oct 31 Choose from any list or enter any number in the input fields and then continue to the next