Refer to the data in QS.
In questions

Furniture costing $55,000 is sold at its book value in 2015. Acquisitions of furniture total $45,000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale of furniture?

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CRUZ, INC. Comparative Balance Sheets December 31,2015 4015 2014 Assets Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture .. Total assets$319,000 $285,000 Liabilities and Equit) 41,000 51,000 85,800 95,800 4,200 227,000 175,000 09,000 19,000 17,000 (9,000) 5,400 CRUZ, INC. Income Statement For Year Ended December 31,2015 payable $15,000 $21,000 5,000 Sales Wages payable . . Income taxes payablea Total current liabilities Notes payable (long-term).. Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity 9,000 $488,000 314,000 74,000 1,400 25,400 28,600 Gross profit 29,000 69,000 54,400 97,600 Depreciation expense. Operating expenses $37,600 Other expenses ...89,100 126,700 47,300 17,300 $ 30,000 229,000 179,000 Income before taxes 35,600 8,400 ncome taxes expense....