The following information is from Ellerby Companys comparative balance sheets.

At December 31	Current Year	Prior Year
Furniture	$ 147,000	$ 204,500
Accumulated depreciationFurniture	(93,700)	(115,700)

The current year income statement reports depreciation expense on furniture of $23,000. During the year, furniture costing $57,500 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.