The following information is from Ellerby Company's comparative balance sheets. At December 31 Furniture Accumulated depreciation Furniture Current Year $154,500 (96,200) Prior Year $ 214,50 (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 Furniture 118,200 25,500 Beg bal Current year depreciation Sale of assets End bal 47,500 96 200 Accumulated Depreciation 96 200 Beg bar C 19 Next > Complete the general ledger accounts to calculate cash received from the sale of furniture. Furniture 118.200 25,500 Beg. bal. Current year depreciation Sale of assets End. bal. 47,500 96,200 Accumulated Depreciation 96,200 Beg bal. 96 200 End, bal GA ost Accumulated depreciation Book value (Cash received) 60,000 47,500 12.500 $