On January 2, 2018, Drake Furniture purchased display shelving for $8,800 cash, expecting the shelving to remain in service for five years. Drake depreciated the shelving on a double-declining-balance basis, with $1,600 estimated residual value. On September 30, 2019, the company sold the shelving for $2,400 cash. Read the requirement Start by recording depreciation expense on the shelving for 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Sep 30