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Sheffield Corp. purchased machinery for $850000 on January 1, 2017. Straight-line depreciation has been recorded based on a $53000 salvage value and a 5-year useful

Sheffield Corp. purchased machinery for $850000 on January 1, 2017. Straight-line depreciation has been recorded based on a $53000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $14500. How much cash did Sheffield receive from the sale of the machinery?

$120767

$173767

$144767

$226767

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