Plant assets ANDERS COMPANY Comparative Year-End Balance Sheets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net 2021 $ 280,000 (140,000) $ 140,000 2020 $ 370,000 (250,000) $ 120,000 $ 500,000 (345,000) $ 480,000 (160,000) $ 320,000 $ 155,000 During 2021, a building with a book value of $90,000 and an original cost of $400,000 was sold at a gain of $80,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2021? 3. What was the cost of buildings purchased by Anders during 2021? 1. Cash received from the sale of building 2. Depreciation expense 3. Purchase of building