Current Attempt in Progress

Prepare tabular summaries to record these transactions. $($a$)$ Sunland Company retires its delivery equipment,

which cost $$52,980.$ Accumulated depreciation is also $$52,980$ on this delivery equipment. No salvage value is

received. $($b$)$ Assume the same information as in part $($a$),$ except that accumulated depreciation for the

equipment is $$37,600$ instead of $$52,980.($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.$)$

$($a$)$