please explain step process in detail

On January 2, 2016, Sweet Pet purchased fixtures for $54,100 cash, expecting the fxtures to remain in service for seven years. Sweet Pet has depreciated the fixtures on a straight-line basis, with $10,000 residual value. On May 31, 2018, Sweet Pet sold the fixtures for $35,375 cash. Record both depreciation expense for 2018 and sale of the fixtures on May 31, 2018. (Assume the modified half-month convention is used. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the depreciation expense as of May 31, 2018 Date Accounts and Explanation Debit Credit May 31