Question 21 of 42 -/2 View Policies Current Attempt in Progress Swifty Corporation purchased machinery for $1130000 on January 1, 2017. Straight-line depreciation has been recorded based on a $77000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $20000. How much cash did Swifty receive from the sale of the machinery? O $314400 O $160400 $201400 $237400 Save for Later Attempts: 0 of 1 used Submit