Furniture costing $ 55,000 is sold at its book value in 2013. 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 offurniture?

CRUZ, INC. Comparative Balance Sheets December 31,2013 2013 2012 Assets C41000 Inventory .85,800 5,400 51,000 95,800 4.200 Accounts receivable, r Accum. depreciation Furniture(17,000 (9.000) Total assets. $319.000 285,000 CRUZ, INC. Income Statement For Year Ended December 31,2013 Sales Cost of goods sold.... $488,000 314,000 174,000 Liabilities and Equity Accounts payable .....15.000 21,000 Gross profit ...r Wages payable Income taxes payable Notes payable (long-term) ..29,000 69,000 Other expenses 8900 26,700 Common stock, $5 par value .229.000 79,000 Income before taxes . Retained earnings... Total liabilities and equity 9,000 1.400 5,000 Operating expenses 2.600 Depreciation expense. ..$37.600 8.400 Income taxes expense.. $319,000 $285,000 Net income.. 47,300 17.300 $30,000 35,600