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Question 3 [8 points] Selected plant and equipment asset balances on December 31, 2013 for Gulf Corp we as follows Furniture $100 200 Accumulated Depreciation, Furniture 84.000 Total estimated useful ide on the furniture is 5 years with a residual value of $3,000, depreciated using the double declining balance method to the nearest whole month The furniture was sold on September 2, 2014 for cash of $17.480 Prepare journal entries for the following a Depreciation of the furniture for 2014 b. The sale of the furniture on September 2. Ensure accuracy in your calculations by rounding only your final answor (to the nearest whole dolar) Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dimme January 15 would be 15. dan) For simplicity, assume the assets are depreciated as individual items and will not be broken into parts and depreciated General Journal Page 2 Date Account Explanation Credit F Debit + +