On January 1, Masterson Supply purchased a small storage building for $20,700 to be used over a five-year period. The building is depreciated on a straight-line basis and has no residual value. Early in the fourth year, the storage building burned down. Determine the financial statement effects of the removal of the storage building from the accounting records. Note: Amounts to be deducted should be indicated by a minus sign. Assets Balance Sheet Liabilities Stockholders' Equity Common Stock Earnings Revenues Retained Income Statement Expenses Net Income