On January 2, 2018, Salamone Furniture purchased display shelving for $8,100 cash, expecting the shelving to remain in service for five years. Salamone depreciated the shelving on a double-declining-balance basis, with $1,000 estimated residual value. On October 31, 2019, the company sold the shelving for $2,100 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 1 Requirement Date Accounts Debit Credit Oct 31 1. Record both the depreciation expense on the shelving for 2019 and its sale in October. Also show how to compute the gain or loss on the disposal of the shelving. Print Print Done Done