Refer to the balance sheet data in QS 12-10 from Anders Company. During 2019, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000.

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?

Data from QS 12-10

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

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ANDERS COMPANY Comparative Year-End Balance Sheets Plant assets 2019 2018 $ 180,000 $ 270,000 Equipment Accumulated depreciation-Equipment.. (100,000) (210,000) $ 80,000 $ 60,000 $ 400,000 Equipment, net... $ 380,000 $ Buildings.... Accumulated depreciation-Buildings (100,000) $ 280,000 (285,000) $115,000 Buildings, net....