The following information is from Ellerby Company$$s comparative balance sheets.

At December $31$ Current Year Prior Year

Furniture $ $154,500$ $ $214,500$

Accumulated depreciation$$Furniture $(96,200)(118,200)$

The current year income statement reports depreciation expense on furniture of $$25,500.$ During the year, furniture costing $$60,000$ was sold for its book value on December $31,$ Current Year.

Complete the general ledger accounts to calculate cash received from the sale of furniture.