On January 2, 7022 , Pet Oasis purchased foxtures toe $24,400 cash eppecting the fiffures to remain w servce for sax years Pet Oasis has depeeciated the fxtures co a straght ine bass, with 51 coo resibual value On May 31,2024 , Fet Oasis sold the fotures for $12,475 cash Record toth depecuaton eupense for 2024 and sale of the fatues on May 31,2024 (Assume the modifed hat month convention is ised Rocord debits first, then credis. Solect the explanstion on the iast ine of the jourtal entry table ) Begin by recording the depreciation expense as of May 31,2024 Now hecord the sale of the fatures on May 31, 2024