Ivanhoe Company sells office equipment on July 31,2022 , for $22,330 cash. The office equipment originally cost $83,350 and as of January 1, 2022, had accumulated depreciation of $38,110. Depreciation for the first 7 months of 2022 is $4,730. Prepare a tabular summary to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment. (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.)