On January 2, 2018, Hardy Furniture purchased display shelving for $8,000 cash, expecting the shelving to remain in service for five years. Hardy depreciated the shelving on a double-declining-balance basis, with $1,400 estimated residual value. On September 30, 2019, the company sold the shelving for $2,600 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 Debit Credit Date Sep 30 Show how to compute the gain or loss on the disposal of the shelving (Use a minus sign or parentheses for a loss.) = Gain (Loss) on sale Now record the sale of the shelving on September 30, 2019 Journal Entry Accounts Debit Credit Date Sep 30 1 Requirement 1. Record both the depreciation expense on the shelving for 2019 and its sale in September. Also show how to compute the gain or loss on the disposal of the shelving Print Done