2017 2016 $ 64,300 27,600 57,700 3,600 153,200 72,600 (11,200). $214,600 $ 16,100 34,100 64,000 2,900 117,100 82,200 (6,200) $ 193, 100 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity $ 10,100 6,000 1,000 17,100 20,600 37,700 $ 14,200 3,300 1,800 19.300 47,700 67,000 154,700 22,200 $ 214,600 123,700 2,400 $ 193, 100 CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $330, 500 Cost of goods sold 212,700 Gross profit 117,800 Operating expenses Depreciation expense $ 25,400 Other expenses 60,300 85,700 Income before taxes 32,100 Income taxes expense 11,700 Net income $ 20,400 Furniture costing $69,600 is sold at its book value in 2017. Acquisitions of furniture total $60,000 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? Furniture Beg. bal. End. bal. Accumulated Depreciation Beg. bal. End. bal. Cost Accumulated depreciation Book value (Cash received) 0