On January 2, 2014, Pet Havenpurchased fixtures for $42,800cash, expecting the fixtures to remain in service for seven years. Pet Haven has depreciated the fixtures on a straight-line basis, with $5,000 residual value. On April 30, 2016, Pet Haven sold the fixtures for $26,200 cash. Record both depreciation expense for 2016 and sale of the fixtures on April 30, 2016.

Date	Accounts and Explanation	Debit	Credit
Apr. 30.	Depreciation Expene --- Fixtures	1,800
	Accumulated Depreciation ---Fixtures		1,800
	to record depreciation on fixtures

This part is where I am getting lost....

Before recording the sale of the fixtures, let's calculate any gain or loss on the sale of the fixtures.

Market value of assets received		$_______
Less: Book value of assest disposed of
Cost	_________
Less: Accumulated Depreciation	_________	_______
Gain or (Loss)		_______

Please give an explaintion not just an answer so I can learn