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The following selected information is from Ellerby Companys comparative balance sheets. At December 31 2015 2014 Furniture $ 150,000 $ 208,500 Accumulated depreciationFurniture (94,700) (116,700)

The following selected information is from Ellerby Companys comparative balance sheets. At December 31 2015 2014 Furniture $ 150,000 $ 208,500 Accumulated depreciationFurniture (94,700) (116,700) The income statement reports depreciation expense for the year of $24,000. Also, furniture costing $58,500 was sold for its book value on December 31, 2015. Complete the below table to calculate the cash received from the sale of furniture.

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