Exercise 7-7 wildhorse Co.has delivery equipment that cost $56,100 and has been depreciated $23,100. Prepare a tabular summary to record the disposal under the following assumptions. It was scrapped as having no value. (Ifa transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the Complete Secure 400 for dorm 5 days ago Later particular Asset, Liability or Equity item that was reduced) Assets - Liabilities + Stockholders' Equity Retained Earnings Cash + Equipment Accum. Depr. Equip. + Common Stock + RevenueExpense Dividend Bal It was sold for $37,600. (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 Cash + Equipment Accm. Depr.- Equip. - +Common Stock + Revenue-Expense Dividend Bal It was sold for $18,900. (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 Cash + Equipment Accum. Depr. Equip. + Common StockRevenueExpense Dividend Bal Question Attempts: 0 of 4 used