During 2019, equipment with a book value of $46,000 and an original cost of $240,000 was sold at a loss of $4,200.

1. How much cash did Anders receive from the sale of equipment?

2. How much depreciation expense was recorded on equipment during 2019?

3. What was the cost of new equipment purchased by Anders during 2019?

ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 210,000 $300,000 (112,000) (222,000) $ 98,000 $ 78,000 $ 410,000 $ 430,000 (118,000) (303,000) $ 292,000 $ 127,000 1. Cash received from the sale of equipment . 2. Depreciation expense Purchase of equipment 3