On January 2, 2022, Pet Oasis purchased fixtures for $71,800 cash, expecting the fixtures to remain in service for nine years. Pet Oasis has depreciated the fixtures on a straight-line basis with $7,000 residual value. On April 30, 2024, Pet Oasis sold the fixtures for $50,500 cash. Record both depreciation expense for 2024 and sale of the fixtures on April 30, 2024. (Assume th modified half-month convention is used. Record debits first, then credits. Select the explanation on the last line of the journal entry table) Begin by recording the depreciation expense as of Apr 30, 2024. Date Apr. 30 Accounts and Explanation Debit Credit Before recording the sale of the fixtures, let's calculate any gain or loss on the sale of the fixtures. (Enter a loss with a minus sign or parentheses.) Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Now, record the sale of the foxdures on April 30, 2024 Datel Apr. 301 Accounts and Explanation Debit Credit