e. Cash received from the sale of equipment. Alana paid $37,000 for new equipment during the year. Complete the calculation of cash received from the sale of equipment. Select the formula. Then, enter the amounts to solve for cash received from the sale of equipment. + Gain on sale Cash received from sale Book value of equipment sold 11,000 7,000 + (Click the icon to view the balance sheets.) Balance Sheets - x Income Statement Cash flow data requested 2018 2017 Alana Health Foods, Inc. Cash $ 37,000 $ 11,000 Income Statement a. Accounts receivable 18,000 24,000 b Inventories 39,000 d. 9,000 Collections from customers Cash payments for inventory. Cash payments for other operating expenses. Cash payment for income tax. Cash received from the sale of equipment. Alana paid $37,000 for new equipment during the year. Issuance of common stock. Issuance of notes payable. Alana paid off $17,000 during the year. Cash dividends. There were no stock dividends. Prepaid expenses Equipment, net 40,000 3,000 82,000 12,000 e. 71,000 12.000 Intangible assets 3. f. g $ 192,000 $ 166,000 Total assets h. Year Ended December 31, 2018 Sales revenue $ 189,000 7,000 Gain on sale of equipment 196,000 Total revenue and gains Cost of goods sold 89,000 Depreciation expense 14,000 39,000 Other operating expenses 142,000 Total expenses Income before income tax 54,000 16,200 Income tax expense $ 37,800 Net income $ 18,000 $ 5,000 Print Done Accounts payable Accrued liabilities 14,000 24,000 18,000 Income tax payable Notes payable Complete the calculation of cash received from the sale of equipment. Select the formula. Then 52,000 Gain on sale Common stock Cash received + 21,000 Book value of equipment sold 11,000 14,200 45,000 34,000 78,800 (12,000) 192,000 $ 7,000 Retained earnings 57,000 (11,000) Treasury stock Print Done hoose from any list or enter any number in the input fields and then click Check Answer. $ 166,000 Total liabilities and stockholders' equity