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Selected Balance Sheet Accounts (alphabetical order) of Burns Inc. appears below. 2019 2018 Accounts Receivable $330,000 $490,000 Accounts Payable 360.000 290,000 Bank Loan Payable 980,000

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Selected Balance Sheet Accounts (alphabetical order) of Burns Inc. appears below. 2019 2018 Accounts Receivable $330,000 $490,000 Accounts Payable 360.000 290,000 Bank Loan Payable 980,000 860,000 Common Shares 1,280,000 1,108,000 Equipment (net) 500,000 650,000 Inventory 520,000 390,000 Prepaid Rent Expense 68,000 51,000 ES Retained Earnings 880,000 720.000 Unearned Revenue 130,000 180,000 What is the balance of cash received for the sale of equipment in year 2019? Assuming Depreciation Expense in year 2019 was $75,000. $15.000 Loss on Sale of Equipment was recorded in year 2019 and no equipment was acquired in year 2019. $75,000. $150,000. $60,000 $90,000

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