Here are selected 2022 transactions of Sheffield Corporation. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,000 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2020. The computer cost $35,200 and had a useful life of 4 years with no salvage value. The computer was sold for $5,900 cash. Sold a delivery truck for $9,210 cash. The truck cost $23,000 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $4,000 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. Sheffield 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.)

Here are selected 2022 transactions of Sheffield Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1.2012. The machine cost $62,000 and had a usefullife of 10 years with no salvage value. June Sold a computer that was purchased on January 1.2020. The computer cost $35,200 and had a useful life of 4 years with 30 no salvage value. The computer was sold for $5.900 cash. Dec. Sold a delivery truck for $9,210 cash. The truck cost $23,000 when it was purchased on January 1, 2019, and was 31 depreciated based on a 5-year usefullife with a $4,000 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, Sheffeld Corporation uses straighte-line depreciation. (Ifo transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered Stockholders' Equity Retained Earnings Stockholders' Equity Retained Earnings Revenue Expense Dividend 0 s o 0 0 10 o 0 0 0 o