The following selected information is from Ellerby Company's comparative balance sheets.

                       At December 31...................................._2015..............._2014

Furniture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $132,000 .......... $ 184,500

Accumulated depreciation-Furniture . . . . . . . . . . (88,700) .......... (110,700)

The income statement reports depreciation expense for the year of $18,000. Also, furniture costing $52,500 was sold for its book value. Compute the cash received from the sale of furniture.