Use the following balance sheets and income statement to answer

Furniture costing $55,000 is sold at its book value in 2013. Acquisitions of furniture total $45,000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale of furniture?

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CRUZ, INC. Comparative Balance Sheets December 31, 2013 2013 2012 Assets Cash $ 94,800 $ 24.000 Accounts receivable, net. Inventory. 41,000 51,000 85,800 95,800 Prepaid expenses 5,400 4,200 Furniture 109,000 119,000 Accum, depreciation-Furniture (17,000) (9,000) Total assets $319,000 $285,000 Liabilities and Equity Accounts payable $ 15,000 $ 21,000 Wages payable. 9,000 5,000 Income taxes payable 1,400 2,600 Notes payable (long-term) 29,000 69,000 Common stock, $5 par value 229,000 179,000 Retained earnings 35,600 8,400 Total liabilities and equity $319,000 $285,000