QS 12-8 (Algo) Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $25.500 During the year, furniture costing $60.000 was sold for its book value on December 31 , Current Year. Complete the general ledger accounts to calculate cash received from the sale of furniture QS 12-8 (Algo) Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $25.500 During the year, furniture costing $60.000 was sold for its book value on December 31 , Current Year. Complete the general ledger accounts to calculate cash received from the sale of furniture