A company reports the following data. During the current year, machinery with a book value of $14,000 and an original cost of $60,000 was sold at a gain of $12,000.

A company reports the following data. During the current year, machinery with a book value of \\( \\$ 14,000 \\) and an original cost of \\( \\$ 60,000 \\) was sold at a gain of \\( \\$ 12,000 \\). a. How much cash did the company receive from the sale of machinery in the current year? b. How much depreciation expense was recorded on machinery in the current year? c. What was the cost of machinery purchased in the current year