On January 2, 2014, Sweet Pet purchased fixtures for $52,200 cash, expecting the fixtures to remain in service for six years Sweet Pet has depreciated the fixtures on a straight-line basis, with $9,000 residual value. On July 31, 2016, Sweet Pet sold the fixtures for $30,600 cash. Record both depreciation expense for 2016 and sale of the fixtures on July 31, 2016