On January 2, 2016, Pet Retreat purchased fixtures for $63,400 cash, expecting the fixtures to remain in service for nine years. Pet Retreat has depreciated the fixtures on a straight-line basis, with $4,000 residual value. On April 30, 2018, Pet Retreat sold the fixtures for $44,000 cash. Record both depreciation expense for 2018 and sale of the fixtures on April 30, 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.) Begin by recording the depreciation expense as of Apr. 30, 2018. Date Apr. 30 Accounts and Explanation Debit Credit