Ch. 12 Homework Sw Help Save & Exit Submit 4 The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Check my work Part 1 of 2 8.33 points Skipped Comparative Year-End Balance Sheets 2021 2020 Plant assets Equipment Accumulated depreciation-Equipment $100,000 (100,000) $270,000 (210,000) Equipment, net $80,000 $40,000- Buildings $380,000 Accumulated depreciation-Buildings 100,000) 400,000 (285,000) Buildings, net $ 280,000 $115,000 Preve References During 2021, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021? 3. What was the cost of new equipment purchased by Anders during 2021? 1. Cash received from the sale of equipment 2. Depreciation expense 3. Purchase of equipment