Current Attempt in Progress

Prepare tabular summaries to record these transactions. $($a$)$ Ivanhoe Company retires its delivery equipment, which cost $$47,890.$ Accumulated depreciation is also $$47,890$ 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 $$37,660$ instead of $$47,890.($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$)$