1 Chapter 12 Homework 6 Saved Help Save & Exit Submit Check my work 3 Use the following information for the Quick Study below. The following information applies to the questions displayed below. The plant assets section of the comparative balance sheets of Anders Company is reported below Part 2 of 2 ANDERS COMPANY Comparative Balance Sheets 2016 2.5 points Plant assets Equipment Accum. Depr.-Equipment Equipment, net Buildings Accum. Buildings, net 305, 000 395,000 1260,000) s 155,000 135,000 505,000 525,000 175,000 (360,000) 330, 000 165,000 150,000 r.-Buildings eBook Print s 12-6 Indirect: Computing investing cash flows LO P2 References During 2017, a building with a book value of $95,000 and an original cost of $425,000 was sold at a gain of $85,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2017? 3. What was the cost of buildings purchased by Anders during 2017? . Cash received from the sale of building 3. Purchase of building Chapter 12 Homework 6 Saved Help Save & Exit Submit Check my work 4 QS 12-7 Computing cash from asset sales LO P3 The following selected information is from Ellerby Company's comparative balance sheets. 2.5 points Purniture Accumulated depreciation-Furniture $153, 000 212,500 (95,700) 117,700) The income statement reports depreciation expense for the year of $25,000. Also, furniture costing $59,500 was sold for its book value on December 31, 2017 eBook Complete the general ledger accounts to calculate the cash received from the sale of furniture. Print Beg. bal References End. bal. Accumulated Depreciation Beg. bal. End. bal Cost Book value (Cash received)