At December 31 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accumulated 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 2021 $ 90,700 38,900 81,300 2020 $ 22,700 48,100 90,300 5,100 4,100 216,000 165,200 102,900 116,200 (15,900) $ 303,000 $ 14,300 8,500 (8,800) $272,600 $ 20,000 4,600 1,400 2,500 24,200 27,100 28,800 66,300 53,000 93,400 215,100 171,900 34,900 $ 303,000 7,300 $272,600 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021- Sales Cost of goods sold $ 466,600 300,300 Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net incone 166,300 85,200 35,900 45,200 16,500 $28,700 Furniture costing $72,600 is sold at its book value in 2021. Acquisitions of furniture total $59,300 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received from the sale of furniture. Furniture Beginning balance 116,200 Purchase of assets 59,300 Sale of assets 72,600 Ending balance 102,900 Accumulated Depreciation Beginning balance 2021 depreciation Sale of assets Ending balance Cost Accumulated depreciation Book value (Cash received) 8,800 34,900 59,300 103,000 0