Swifty Company has an old factory machine that cost $ 52,000. The machine has accumulated depreciation of $ 29,120. Swifty has decided to sell the machine. (a) Prepare a tabular summary to record the sale of the machine for $ 26,000 cash. (b) Prepare a tabular summary to record the sale of the machine for $ 15,600 cash. (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) Assets Liabilities + Cash + Equipment Accum. Depr. - Equip. + Commi Bal. $ $ $ $ (b) Assets Liabilities + Cash + Equipment Accum. Depr. - Equip. = + Comm Bal. $ $ $ $ Swifty Company has an old factory machine that cost $ 52,000. The machine has accumulated depreciation of $ 29,120. Swifty has decided to sell the machine. (a) Prepare a tabular summary to record the sale of the machine for $ 26,000 cash. (b) Prepare a tabular summary to record the sale of the machine for $ 15,600 cash. (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) + Stockholders' Equity Retained Earnings + Common Stock + Revenue Expense Dividend $ $ $ $ (b) Stockholders' Equity Retained Earnings Common Stock Revenue Expense Dividend $ $ $