Exercise 7-7 Carla Vista Co. has delivery equipment that cost $49,600 and has been depreciated $24,600. Prepare a tabular summary to record the disposal under the following assumptions. It was scrapped as having no value. (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. $ $ $ $ $ LINK TO TEXT It was sold for $37,900. (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 $ It was sold for $19,100. (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. $ $ Click if you would like to Show Work for this question: Open Show Work