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Requirement 1. Record both the depreciation expense on the shelving for 2019 and its sale in October. Also show how to compute the gain or loss on the disposal of the shelving On January 2, 2018, Vincent Furniture purchased display shelving for $8,300 cash, expecting the shelving to remain in service for five years. Vincent depreciated the shelving on a double-declining-balance basis, with $1,200 estimated residual value. On October 31,2019 , the company sold the shelving for $2,100 cash Read the Start by recording depreciation expense on the shelving for 2019 . (Record debits first, then credits. Exclude explanations from any journal entries) Now record the sale of the shelving on October 31,2019