Sunland Company sells office equipment on July 31, 2022, for $23,830 cash. The office equipment originally cost $79,860 and as of January 1, 2022, had accumulated depreciation of $39,690. Depreciation for the first 7 months of 2022 is $4,090. 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.) Bal. +A $ Cash (a) (b) 23830 + AA Assets Equipment 79860 -79860 Accum. Depr. Sunland Company sells office equipment on July 31, 2022, for $23,830 cash. The office equipment originally cost $79,860 and as of January 1, 2022, had accumulated depreciation of $39,690. Depreciation for the first 7 months of 2022 is $4,090. 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.) Revenue Stockholders' Equity Retained Earnings Expense Dividend 0 0 4090 A 0 0