Sheridan Company sells office equipment on July 31, 2022, for $20,320 cash. The office equipment originally cost $84510 and as of January 1, 2022, had accumulated depreciation of $41,710. Depreciation for the first 7 months of 2022 is $3,670 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.) Assets Liabilities + Cash Equipment Accum. Depr. - Equip. Bal $ s $ (a) (b) Stockholders' Equity Retained Earnings Revenue Expense Dividend $ $ $