On January 2,2022 , King Pet purchased fixtures for $56,400 cash, expecting the fixtures to remain in service for seven years. King Pet has depreciated the fixtures on a straight-line basis, with $6,000 residual value. On May 31,2024 , King Pet sold the fixtures for $35,000 cash. Record both depreciation expense for 2024 and sale of the fixtures on May 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 May 31,2024