Connect ignments-2021103824 Federal Government Continue Avatar Competicion-203110:324 Federal 2 Saved Help Save & Exit Submit Favre Company reports depreciation expense of $41,000 for Year 2. Also, equipment costing $143,000 was sold for a $10,100 loss in Year 2. The following selected information available for Favre Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. At December 31 Equipment Accumulated Depreciation Equipment Year 2 Year 1 $615,000 $758,000 432,000 505,000 Multiple Choice $41,000 $18.900 $62.900 $39.100