A 1 AP-11A LO 9-3 2 3 Whitesky Corporation has provided the following selected accounts for the year ended December 31. 4 5 5 Land Account Equipment Accumulated Depreciation-Equipment Gain on Sale of Equipment B $ 2023 550,000 $ 1,594,500 (968,700) 2,630 2022 550,000 1,659,500 (896,500) E F In 2023, equipment with a cost of $65,000 was sold. The net book value of the equipment was $43,600. No equipment was purchased in 2023. What were the proceeds (cash received) for the sale of the equipment? G

Whitesky Corporation has provided the following selected accounts for the year ended December 31. In 2023, equipment with a cost of $65,000 was sold. The net book value of the equipment was $43,600. No equipment was purchased in 2023. What were the proceeds (cash received) for the sale of the equipment