On January 2, 2021, Drake Furniture purchased display shelving for $9,000 cash, expecting the shelving to remain in service for five years. Drake depreciated the shelving on a double-declining-balance basis, with $1,000 estimated residual value. On August 31, 2022, the company sold the shelving for $2,200 cash. 2022. (Record debits first, then credits. Exclude explanations from any joumal entries.) Start by recording depreciation expense on the shelving Joumal Entry Date Accounts Aug 31 Depreciation Expense-Fixtures Accumulated Depreciation Fixtures Debit Credit Requirement 1. Record both the depreciation expense on the shelving for 2022 and its sale in August. Also show how to compute the gain or loss on the disposal of the shelving ( Print Done