Sheridan Company has delivery equipment that cost $54,100 and has been depreciated $24,900. Prepare a tabular summary to record the disposal under the following assumptions. Your answer correct. ssets, Liabilities or Sto sscrapped value. (If a transaction c ses a decrease It front of the amount entered for the particular Asset. Liability or Equity item that was reduca nolders' Equity, place a negative sign (or parentheses) in = Liabilities Stockholders' Equity Assets Retained Earnings Dividend Cash Equipment ccum. Depr. - Equip. = Common Stock Revenue Expense Bal. 54100 -24900 Loss on disposal 24900 -29200 -54100 SHOW ANSWER SHOW SOLUTION LINK TO TEXT Your answer partially correct. Try again. It was sold for $36,800. (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.) Stockholders' Equity = Liabilities + Assets Retained Earnings Cash Dividend Equipment Accum. Depr. - Equip. Common Stock + Revenue Expense 54100 Bal. -24900 24900 Gain on disposal 36800 -54100 36800 LINK TO TEXT Your answer partially correct. Try again. It was sold for $18.100. (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.) = Liabilities Stockholders' Equity Assets Retained Earnings Cash Equipment Accum. Depr. Equip. Common Stock + Dividend Revenue Expense + Bal. 54100 -24900 x 24900 Loss on disposal -54100 18100 Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT Question Attempts: 3 of 5 used SAVE FOR LATER SUBMIT ANSWE