3 Required information 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 ls reported below. Part 1 of 2 ANDERS COMPANY Comparative Balance Sheets 714 points 2016 2017 Plant assets 280,000 370,000 Equipment Skipped (140,000) (250,000) s 140,000 120,000 480,000 500,000 160,0001 (345 000) Accum. Depr.-Equipment Equipment, net Buildings Accum. Depr.-Buildings eBook 320,000 155,000 Buildings, net Hint Print References OS 12-5 Indirect: Computing investing cash flows LO P2 During 2017, equipment with a book value of $60,000 and an original cost of $205,000 was sold at a loss of $7000 Next>