could you please explain how to work out this problem

QS 12-8 (Algo) Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets At December 31 Furniture Accumulated depreciation-furniture Current Year $156,000 (96,700) Prior Year $216,500 (118,700) The current year income statement reports depreciation expense on furniture of $26,000. During the year, furniture costing $60,500 was sold for its book value on December 31, Current Year Complete the general ledger accounts to calculate cash received from the sale of furniture. Furniture Beginning balance Sale of assets Ending Balance Accumulated Depreciation: Beginning balance Cash Ending Balance Cost Accumulated depreciation Book value (Cash received) $ 0