Exercise 7-7 (Part Level Submission) Ivanhoe Company has delvery equipment that cost $52,500 and has been depreciated $24,400. Prepare a tabular summary to record the disposal under the following assumptions. (a) causes a decrease in Assets, Liabilties or Stockholders' Equity, place a negative sign (or parentheses) in front of the amoun entered for the particular Asset, Liability or Equity item that was reduced.) Assets Retained Earnings Expense Cash EquipmentAccum. Depr.-Equip. Commen Stock Bal. Click if you would like to Show Work for this question: 9een Show Werk