ch. 12-Homework 5 QS 12-7 Computing cash from asset sales LO P3 The following selected information is from Ellerby Company's comparative balance sheets 1.36 poInts 2017 2016 At December 31 Furniture Accumulated depreciation-Furniture $151,500 210,500 (95,280) (117,200) The income statement reports depreciation expense for the year of $24,500. Also, furniture costing $59,000 was sold for its book value on December 31, 2017 Print Complete the general ledger accounts to calculate the cash received from the sale of furniture. References Beg bal End ba Beg bal End bal Cost Book value (Cash received)