Refer to the balance sheet data above from Anders Company. During 2017, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. 2017 2016 Plant assets Equipment $ 180,000 $270,000 Accum. depr.Equipment (100,000) (210,000) Equipment, net $ 80,000 $ 60,000 Buildings Accum. depr.Buildings Buildings, net $ 380,000 $400,000 (100,000) (285,000) $ 280,000 $115,000 QS 16-6 Indirect: Computing investing cash flows P2 Refer to the balance sheet data in QS 16-5 from Anders Company. During 2017, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2017? 3. What was the cost of buildings purchased by Anders during 2017? Reconstruct JE for building sale Date Account Debit Credit Reconstruct T Account for A/D on Building Reconstruct T Account for Building