Assume that on January 2, 2012, Barrett of Nebraska purchased fixtures for $8,200 cash, expecting the fixtures to remain in service for five years. Barrett has depreciated the fixtures on a double-declining-balance basis, with $1,100 estimated residual value. On October 31, 2013, Barrett sold the fixtures for $2,200 cash. Record both the depreciation expense on the fixtures for 2013 and then the sale of the fixtures. Apart from your journal entry, also show how to compute the gain or loss on Barrett’s disposal of these fixtures.