stion 2 of 12 - / 10 View Policies Current Attempt in Progress Crane Company sells office equipment on July 31, 2022, for $23,130 cash. The office equipment originally cost $81,640 and as of January 1, 2022. had accumulated depreciation of $35,870. Depreciation for the first 7 months of 2022 is $4,810. 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. I Bal. $ $ $ (a (b) EN 191 Question 2 of 17 -/10 View Policies Current Attempt in Progress Crane Company sells office equipment on July 31, 2022, for $23,130 cash. The office equipment originally cost $81,640 and as of January 1, 2022, had accumulated depreciation of $35,870. Depreciation for the first 7 months of 2022 is $4,810. Prepare a tabular summary to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ilities + Stockholders' Equity Retained Earnings Revenue Expense + Common Stock Dividend S $ S EN > ogress office equipment on July 31, 2022, for $23,130 cash. The office equipment originally cost $81,640 and as of accumulated depreciation of $35,870. Depreciation for the first 7 months of 2022 is $4.810. mary to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment. (If a transaction sets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the ty or Equity item that was reduced.) olders' Equity Retained Earnings Expense Dividend A $ . EN >