On January$2,2016,$ Pet Salon purchased fixtures for $$55,900$ cash, expecting the fixtures to remain in service for nine years. Pet Salon has depreciated the fixtures on a$$ straight$-$line basis, with $$10,000$ residual value. On July$31,2018,$ Pet Salon sold the fixtures for $$36,725$ cash. Record both depreciation expense for $2018$ and sale of the fixtures on July $31,2018.($Assume the modified$$ half$-$month convention is used. Record debits$$ first, then credits. Select the explanation on the last line of the journal entry$$ table.$)$