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The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2016 2015 Plant assets Equipment

The plant assets section of the comparative balance sheets of Anders Company is reported below.

ANDERS COMPANY
Comparative Balance Sheets
2016 2015
Plant assets
Equipment $ 185,000 $ 275,000
Accum. Depr.Equipment (102,000 ) (212,000 )
Equipment, net $ 83,000 $ 63,000
Buildings $ 385,000 $ 405,000
Accum. Depr.Buildings (103,000 ) (288,000 )
Buildings, net $ 282,000 $ 117,000

During 2016, a building with a book value of $71,000 and an original cost of $305,000 was sold at a gain of $60,200.

1. How much cash did Anders receive from the sale of the building?

2. How much depreciation expense was recorded on buildings during 2016?

3. What was the cost of buildings purchased by Anders during 2016?

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