On January 2, 2016

PetHaven purchased fixtures for $28,600 cash, expecting the fixtures to remain in service for six years. Pet Haven has depreciated the fixtures on astraight-line basis, with $7,000 residual value. On May 31,2018, Pet Haven sold the fixtures for $17,400 cash. Record both depreciation expense for 2018 and sale of the fixtures on May 31, 2018. (Assume the modifiedhalf-month convention is used. Record debitsfirst, then credits. Select the explanation on the last line of the journal entrytable.)

Begin by recording the depreciation expense as of May 31, 2018