Green Company reports depreciation expense of $54,000 for Year 2. Also, equipment costing $182,000 was sold for a $6,400 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 $ 680,000 $ 862,000 Accumulated Depreciation-Equipment 484,000 570,000

Multiple Choice

• $42,000.

• $35,600.

• $54,000.

• $96,000.

• $48,400.