Jeffreys Company reports depreciation expense of $57,000 for Year 2 Also, equipment costing $191,000 was sold for a $11, 700 loss in Year 2. The following selected information is available for Jeffreys Company from its comparative balance sheet Compute the cash received from the sale of the equipment. $45,000 $56, 700 $77, 300 $33, 300 $57,000