On January 2, 2021, Potter Furniture purchased display shelving for $8,100 cash, expecting the shelving service for five years. Potter depreciated the shelving on a double-declining-balance basis, with $1,300 residual value. On August 31,2022 , the company sold the shelving for $2,200 cash. Read the requirement. Requirement en credits. Excl 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. On January 2, 2021, Potter Furniture purchased display shelving for $8,100 cash, expecting the shelving to remain in service for five years. Potter depreciated the shelving on a double-declining-balance basis, with $1,300 estimated residual value. On August 31,2022 , the company sold the shelving for $2,200 cash. Read the requirement. Start by recording depreciation expense on the shelving for 2022. (Record debits first, then credits. Exclude explanations from any journal entries.)