On January 2, 2023. Once Again Clothing Consignments purchased showroom fixtures for $14,000 cash, expecting the fatures to remain in service for five years. Once Again has depreciated the fixtures on a double-declining-balance basis, with zero residual value On October 31, 2024, Once Agan sold the fixtures for $6,300 cash Record both depreciation expense for 2024 and sale of the fixtures on October 31, 2024 (Record debits first, then credits Select the explanation on the last ine of the journal entry table. Note that 2023 depreciation was recorded and posted in 2023) Begin by recording the depreciation expense for January 1, 2024 through October 31, 2024 Date Accounts and Explanation Oct 31 Depreciation Expense-Fixtures Accumulated Depreciation-Fixtures Debit Credit 2,800 2.800 To record depreciation on fixtures Before recording the sale of the fixtures let's calculate any gain or loss on the sale of the fixtures Market value of assets received S 6.300 Less Book value of asset disposed of Cost 14.000 0100 5000 Less Accumulated Depreciation 400 Gano (Loss)