Ford Company reports depreciation expense of $58,000 for Year 2. Also, equipment costing $195,000 was sold for its book value in Year 2. There were no other equipment purchases or sales during the year. The following selected information is available for Ford Company from its comparative balance sheet Compute the cash received from the sale of the equipment At December 31 Equipment Accumulated Depreciation Equipent Year 2 Year 1 $700,000 5895,000 501.000 590.000 Multiple Choice $44.500 558,000 c Sano 5106.000