Chapter 16 - Homework 4 QS 16-7 Computing cash from asset sales LO P3 142 DO The following selected information is from Ellerby Company's comparative balance sheets. A DE Furniture Acute precision Furniture 2017 5147,00 191,700) 5 304,500 (115.700) The income statement reports depreciation expense for the year of $23.000 Also, fumiture casting 557,500 was sold for its book value on December 31, 2017 Complete the general ledger accounts to calculate the cash received from the sale ofrutture Hint Fami Beghel End bal Accumulated Depreciation Be bol End bal Cost Accumulated depreciation Book Value (Cash received $ Chapter 16 Homework 5 QS 16-8 Computing cash flows from investing LO P3 142 po 3.300 Sale of short termettent Cath collection from custo Purchase of used pret Depreciation pense 2,00 1.100 Compute cash flows from investing activities using the above company information (Amount to be deducted should be indicated by minus sign $ ning Active Sale of them westments Purchase of us del Cash odens rustomers 3,300 2.000 Pin 5 6.100 Chapter 16 - WUR 6 Al Deter11 Common stock, $10 par value Pati in capital in testa par Retained caring 51730.000 30.00 $89. 253, 335. SINO 309, 142 Dan The company's net income for the year ended December 31, 2017, was $59,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Spod Common S 510 Par Beg bal 500 Endal Home Paldin Capital in sofa P Beg End bal Cash received 2. Complete the T-account to calculate the cash paid for dividends during 2017 Retained Earnings Bebel End bal Type to search