On January 2, 2016, King Pet purchased fixtures for $38,100 cash, expecting the fixtures to remain in service for nine years. King Pet has depreciated the fixtures on a straight-line basis, with $3,000 residual value. On August 31, 2018, King Pet sold the fixtures for $22,200 cash. Record both depreciation expense for 2018 and sale of the fixtures on August 31, 2018