Chapter 9 Homework Saved Help Save & ExE 4. Required information [The following information applies to the questions displayed below.) Part 1 of 2 As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1,190 cash. The shelves originally cost $7,960 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $660. 3.33 points Skipped 1. Complete the table below, indicating the account, amount and direction of the effect on disposal. Assume that depreciation has been recorded to the date of sale. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round intermediate calculations.) Assets Liabilities Stockholder's Equity eBook Print References 5 Required Information [The following information applies to the questions displayed below.) As part of a major renovation at the beginning of the year. Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1,190 cash. The shelves originally cost $7.960 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $660. Part 2 of 2 3.33 points 2. Prepare the journal entry to record the sale of the shelving units. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account fleld. Do not round Intermediate calculations.) eBOOK View transaction list Print Journal entry worksheet References Record the sale of the shelving units for $1.190. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal