On January 2, 2022, Sweet Pet purchased fixtures for $58,400 cash, expecting the fixtures to remain in service for seven years. Sweet Pet has depreciated the fixtures on a straight-line basis, with $8,000 residual value. On August 31, 2024, Sweet Pet sold the fixtures for $36,200 cash. Record both depreciation expense for 2024 and sale of the fixtures on August 31, 2024. (Assume the 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 Aug. 31, 2024. 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.)