Green Company reports depreciation expense of $43,000 for Year 2. Also, equipment costing $149,000 was sold for a $5,300 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.

At December 31	Year 2			Year 1
Equipment	$	625,000		$	774,000
Accumulated Depreciation-Equipment		440,000			515,000

Multiple Choice

• $25,700.

• $43,000.

• $74,000.

• $36,300.

• $31,000.