Jamison 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 Jamison Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.

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a. 54,000

b. 42,000

c. 35, 600

d. 48,400

e. 96,000