The following information is from Ellerby Company's comparative balance sheets At December 31 Furniture Accumulated depreciation-furniture Current Year $151,500 (95,200) Prior Year $ 210,500 (117,200) The current year income statement reports depreciation expense on furniture of $24.500. During the year, furniture costing $59,000 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 Furniture Beg bal End bal Accumulated Depreciation Beg bal End bal Complete the general ledger accounts to calculate cash received from the sale of furniture. Furniture Beg bal End, bal 0 Accumulated Depreciation Beg bal End, bal Cost Accumulated depreciation Book value (Cash received) $ The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 275,000 (138,000) $ 137,000 $475,000 (157,000) $ 318,000 $. 365,000 (248,000) $ 117,000 $495,000 (342,000) $ 153,000 QS 16-10 Computing investing cash flows LO P3 During 2019, equipment with a book value of $59.000 and an original cost of $305,000 was sold at a loss of $6,800 1. How much cash did Anders receive from the sale of equipment 2. How much depreciation expense was recorded on equipment during 2019? 3. What was the cost of new equipment purchased by Anders during 2019? Cash received from the sale of equipment omework Saved Plant assets Equipment Accumulated depreciation Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 275,000 (138.000 $ 137.000 $475,000 (157, Bee $ 318,000 $. 365,000 (248,000) $ 117,000 5 495,000 (342,000) $ 153,000 QS 16-10 Computing investing cash flows LO P3 During 2019, equipment with a book value of $59.000 and an original cost of $305,000 was sold at a loss of $6,800. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2019? 3. What was the cost of new equipment purchased by Anders during 2019? 1 Cash received from the sale of equipment 2 Depreciation expense 3 Purchase of equipment