On January 2, 2017. Repeat Clothing Consignments purchased showroom futures for $11,000 cash, expecting the fixtures to remain in service for five years. Repeat has depreciated the fixtures on a double-declining balance basis, with zero residual value. On August 31, 2018, Repeat sold the futures for $5,000 cash Record both depreciation expense for 2018 and sale of the fixtures on August 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note that 2017 depreciation was recorded and posted in 2017.) Begin by recording the depreciation expense for January 1, 2018 through August 31, 2018 Date Accounts and Explanation Debit Credit Aug. 31