Required information [The following information applies to the questions displayed below] As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1,130 cash. The shelves originally cost $7,720 and had been depreciated on a straight line basis over an estimated useful life of 10 years with an estimated residual value of $620. 1. Complete the table below, indicating the account, amount, and direction of the effect on disposal. Assume that depreciation has been recorded to the date of sale. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round intermediate calculations.) Assets Liabilities 1.130 7.720 armaceuticals, Inc. sold shelving units (recorded as mally cost $7720 and had been depreciated on a stimated residual value of $620 -n of the effect on disposal. Assume that depreciation has abilities, or Stockholders' Equity with a minus sign. Do not Liabilities Stockholder's Equity Gain on Disposal