2017 2016 2 of 3 s 62,700S 15,700 33,300 56,60062,500 2,900 Cash 27,000 3,500 70,500 Inventory 149,800 114,400 82,200 10,900) (6,200 $209,400 $190,400 Accounts payable $9.900 14,000 3,300 1,800 19,100 47,800 37,500 66,900 5,9003.3 1,000 16,800 Total current liabilities 20,700 Total 1iabilities Retained earnings Total liabilities and equity 152,200123,000 19,700-500 $209,400 190,400 Income Statement $326,000 209,800 116,200 Cost of goods sold Operating expenses 31,600 21,500 s 20,100 Income taxes expense <. prev of next> , QS 12-12 Computing cash from asset sales LO P3 2 of3 Furniture costing $62,700 is sold at its book value in 2017. Acquisitions of furniture total $51,000 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? End bal 19,500 Beg bal. 25.100 2017- bal. 31 62.700 10 11of 11 Next >