Green Company reports depreciation expense of $60,000 for Year 2. Also, equipment costing $200,000 was sold for a $7,000 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 Equipment Accumulated Depreciation-Equipment Year 2 $710,000 Year 1 $910,000 600,000 508,000 Multiple Choice $60.000 $41,000