On January 2,2021 , Hardy Furniture purchased display shelving for $8,500 cash, expecting the shelving to remain in service for five years. Hardy depreciated the shelving on a double-declining-balance basis, with $2,000 estimated residual value. On August 31,2022 , the company sold the shelving for $2,400 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.)