Furniture costing $54,000 is sold at its book value in 2011. Acquisitions of furniture total $44,000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale offurniture?

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ORWELL, INC. Balance Sheets December 31,2011 2011 2010 2 Cashtt.. Accounts recelvable, net Inventory Prepaid expenses Furniture Accum. depreciation Furniture000) Total assets. $95,800 25,000 52.000 96,800 5.200 110,000 20,000 (10,000) $323,000 $289,000 42,000 86,800 6,400 ORWELL, INC. Income Statement For Year Ended December 31, 2011 $468,000 Sales-.... Cost of goods sold Gross profit Operating expenses 312,000Liabilities and Equity 156,000Accounts payable 16,000 22,000 6,000 3,600 70,000 230,000 80,000 7.400 $ 35,800 Total habilties and equity$323,000 $289.000 Depreciation expense Other expenses57.000 95,600 Notes payable (long-term) Wages payable.. Income taxes payable .. 10,000 2.400 30,000 $38,600 Income before taxes Income taxes expense Net Income 60.400 Common stock, $5 par value2 24,600 Retained earnings. 34,600