The following data are from a companys comparative balance sheets. The current year income statement reports depreciation expense on equipment of $8,600. During the year, equipment costing $23,800 was sold for its book value.

The following data are from a company's comparative balance sheets. The current year income statement reports depreciation expense on equipment of $8,600. During the year, equipment costing $23,800 was sold for its book value. Compute cash received from the sale of equipment