QS 16-7 Computing cash from asset sales LO P3 The following selected information is from Ellerby Company's comparative balance sheets At December 31 2017 2016 Furniture Accumulated depreciation-Furniture $142,500 198,500 (92,200) (114,200) he income statement reports depreciation expense for the year of $21,500. Also, furniture value on December 31, 2017 Complete the general ledger accounts to calculate the cash received from the sale of furnit Answer is not complete. Furniture Beg ball 198,500 114 200 End, bal 84 300 Accumulated Depreciation End. bal 84,300 Accumulated Depreciation Beg. bal Sale of assets 43,500 114,200 . 21,500 2017 depreciation 92.200 End. bal. Cost Accumulated depreciation Book value (Cash received 56,000 435000 12.500 5 of 12