On January 2, 2018, Shine Lighting purchased showroom fixtures for $21,000 cash, expecting the fixtures to remain in service for 10 years. Shine Lighting has depreciated the fixtures on a straight-line basis, with zero residual value. On March 31, 2019, Shine Lighting sold the fixtures for $7,600 cash. Record both the depreciation expense on the fixtures for 2019 and the sale of the fixtures on March 31, 2019. Round intermediate calculations to the nearest cent and final answers to the nearest whole dollar. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Mar 31 525 Depreciation expense, fixtures Accumulated depreciation, fixtures 525 Record the sale of the fixtures. Journal Entry Date Accounts Debit Credit Mar 31 Cash 7,600 Accumulated depreciation, fixtures Loss on sale of fixtures Fixtures 21,000 General Medical Center bought equipment on January 2 for $24,000. The equipment was expected to remain in service for four years and to perform 1,150 operations. At the end of the equipment's useful life, General estimates that its residual value will be $1,000. The equipment performed 115 operations the first year, 345 the second year, 460 the third year, and 230 the fourth year. Read the requirements. Requirement 1. Prepare a schedule of depreciation expense per year for the equipment under the three depreciation methods. After two years under double-declining balance depreciation, the company switched to the straight-line method. Units of Double-Declining Year Production Balance Straight-Line $ 5,750 $ 1 2,300 2 5,750 6,900 3 5,750 9,200 5,750 4,600 4 $ 23,000 $ 23,000 Total