Dependable Corp. has the following information: Equipment: Beginning Balance = $28,000; Ending Balance = $34,000 Accumulated Depreciation: Beginning Balance = $5,000; Ending Balance = $12,000 Depreciation Expense for the year = $10,000 Only one piece of equipment was purchased for $18,000. Only one piece of equipment was sold. It was sold for cash at a gain of $3,500. How much cash was received for the sale of the equipment