Question 18 Concord Corporation purchased machinery for $1130000 on January 1, 2014. Straight-line depreciation has been recorded based on a $89000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2018 at a gain of $20500. How much cash did Concord receive from the sale of the machinery? $ 337300 O $248300 $ 207300 $159300. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 1 used