Exercise 7-7 Sandhill Co. has delivery eguipment that cost $48,800 and has been depreciated $23.000 Prepare a tabular summary to record the disposal under the following assumptions It was sorapped as having no value. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Fquity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Assets Stockholders' Equity Retained Earnings Accum. Depr.- Equip. Cash Equipment Dividend Common Stock Revenue Expense Bal. It was sold for $36,200. (If a transaction ceuses 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 Iterm that was reduced.) = Liabilities+ Assets Stockholders' Equity Retained Earnings Cash Equipment ACcum. Depr.- Equip. Dividend Common Stock Revenue Expense Bal. tt was sold for $19.000. (If a transaction causes a decrease in Assets, tabilities or Stockholders Equity, place a negative AS5et. Liebifity or Equity item that was reduced.) sign (or parentheses) in front of the amount entered far the particular Assets Liebilities Stockholders' Equity Retained Earnings Chirh Type here to search 927 PM 7/5/2019 It was sold for $36,200. (Ir 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 Cash Equipment Accum. Depr. Equip. Common Stock Revenue Expense Dividend Bal. It was sold for $19,800. (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negatiue sign (or parentheses) in front of the amount entered for the particular Asset, tiability or Equity item that was reduced.) Assets Liabilities + Stockholders' Equity Retained Earnings Cash Equipment Accum. Depr. Equip. + Common Stock + Revenue Expense Dividend Bal, Question Attempts: 0 of 5 used Type here to search 923 PM 7/5/2019