Required information urniture costing $71,500 is sold at its book value in 2017 Acquisitions of furniture total $57000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale of furniture? Furniture Beg. bal End. bal. Accumulated Depreciation Beg. bal. End. bal. Cost Accumulated depreciation Book value (Cash received) Next K Prev10 11 of 12 Retained earnings Total liabilities and equity $295,600 $265,70e 28,200 800 CRUZ, INC Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses $454,90e 292, 800 162,100 Depreciation expense $35,eee Other expenses Income before taxes Income taxes expense Net income 83,000118,000 44,100 16,000 $ 28,100 sh from asset sales LO P3