On January 2, 2014, Royal Pet purchased fixtures for $33,700 cash, expecting the fixtures to remain in service for nine years.Royal Pet has depreciated the fixtures on a straight-line basis, with $4,000 residual value. On June 30, 2016, Royal Pet sold the fixtures for $22,950 cash. Record both depreciation expense for 2016 and sale of the fixtures on June30,2016.