Mercury Company reports depreciation expense of $44,000 for Year 2. Also, equipment costing $153,000 was sold for its book value in Year 2. The following selected information is available for Mercury Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.

At December 31	Year 2	Year 1
Equipment	$ 630,000	$ 783,000
Accumulated Depreciation-Equipment	444,000	520,000

$38,000.

$77,000.

$76,000.

$44,000.

$33,000.