Company X sold Equipment with a $150,000 cost and $40,000 of Accumulated Depreciation for $125,000. At the time of the sales, the companys PPE account had a beginning and ending debit balances of $245,000 and $300,000 respectively. The companys accumulated depreciation accounting and beginning and ending credit balances of $100,000 and $98,000 respectively.

1. How much was the gain or loss from the sale of the equipment.
2. How much PPE did Company X purchase during the year?
3. What was Companys Xs Depreciation Expense for the year?
4. How much cash did Company X earn from selling PPE during the year?