Refer to the data in QS 12-11.

Furniture costing $55,000 is sold at its book value in 2018. 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, 2018 2018 2017 Assets Cash. $ 94,800 $ 24,000 Accounts receivable, net. 41,000 51,000 Inventory.... 85,800 95,800 Prepaid expenses.. 5.400 4.200 Total current assets 227,000 175,000 Furniture ... 109,000 119,000 (17,000) $319,000 (9,000) $285,000 Accum. depreciation-Furniture Total assets... Liabilities and Equity Accounts payable.. $ 15,000 $ 21,000 Wages payable.. 9,000 5,000 Income taxes payable.. Total current liabilities . Notes payable (long-term).. 1.400 2,600 25,400 28,600 29,000 69,000 Total liabilities.. 54,400 97,600 Equity Common stock, $5 par value. Retained eamings... Total liabilities and equity.. 229,000 179,000 35,600 $319,000 8,400 $285,000 .....