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29. The balances of the Equipment accounts and their Accumulated Depreciation at the end of the years 2022 and 2021 are as follows: In the

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29. The balances of the Equipment accounts and their Accumulated Depreciation at the end of the years 2022 and 2021 are as follows: In the Statement of Income and Expenses for 2022, a Gain on the sale of equipment appears in the amount of $8,000. The equipment sold had a book value of $52,000 and its original cost was $64,000. How much did the company receive from the sale of the equipment? a. $72,000 b. $60,000 c. $8,000 d. Cannot be determined without additional information 30. Regarding the previous question, how much did the equipment purchased by the company cost in 2022 and how much was the depreciation expense in 2022

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