ving information applies to the questions displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. 2018 ANDERS COMPANY Comparative Balance Sheets 2019 Plant assets Equipment $ 275,000 Accumulated depreciation-Equipment (138,000) Equipment, net $ 137,000 Buildings $475,000 Accumulated depreciation-Buildings (157,000) Buildings, net $ 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? 1 2. 3. Cash received from the sale of equipment Depreciation expense Purchase of equipment [The following information applies to the questions displayed below.) 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 $ 275,000 $365,900 Accumulated depreciation-Equipment (138,000) (248.000) Equipment, net $ 137,000 $ 117,000 Buildings $ 475,000 $495,000 Accumulated depreciation-Buildings (157,000) (342,000) Buildings, net $ 318, mee $ 153,000 co QS 16-11 Computing investing cash flows LO P3 During 2019, a building with a book value of $89.000 and an original cost of $395,000 was sold at a gain of $79,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2019? 3. What was the cost of buildings purchased by Anders during 2019 1 2 3 Cash received from the sale of building Depreciation expense Purchase of building