Question $3$ of $5$

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Carla Vista Co$.$ sells office equipment on July $31,2022,$ for $$21,240$ cash. The office equipment originally cost $$86,550$ and as of January $1,2022,$ had accumulated depreciation of $$35,470.$ Depreciation for the first $7$ months of $2022$ is $$4,710.$

Prepare a tabular summary to $($a$)$ update depreciation to July $31,2022,$ and $($b$)$ record the sale of the equipment. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$