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Here are selected 2022 transactions of Culver Corporation. Jan. Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,300
Here are selected 2022 transactions of Culver Corporation. Jan. Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,300 and had a useful life 1 of 10 years with no salvage value. June Sold a computer that was purchased on January 1, 2020. The computer cost $35,800 and had a useful life of 4 years with 30 no salvage value. The computer was sold for $4,100 cash. Dec. Sold a delivery truck for $9,210 cash. The truck cost $24,200 when it was purchased on January 1, 2019, and was 31 depreciated based on a 5-year useful life with a $3,300 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Depreciation was last recorded on December 31 , 2021. Update depreciation on assets disposed of, where applicable. Culver Corporation uses straight-line depreciation. (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.) Stockholders' Equity Retained Earnings \begin{tabular}{|c|c|} \hline Revenue & Expense \\ \hline \end{tabular}
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