Exercise 7-7 Cullumber Companyhas delivery equipment that cost $53.100 and has been depreciated $23.800 Prepare a tebular summary to r the following essumptions 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 record the disposel under reduced.) Liabilities+ Stockholders' Equity Retained Earnings Cash Equiprient Accum. Depr. -Equip. +Common Stock Revenue - Bal. 1t was sold for $36.100. (TFa transaction causes a decrease in Assets, Liabilities or Stockholders' Equily, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) +Common Stock Revenue Bal It wes sold for $19.800. (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 + + Common Stock Revenue Expense Question Attemptsi of 3 used