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Return to question 5 QS 12-8 (Algo) Computing cash from asset sales LO P3 3 Ints The following information is from Ellerby Company's comparative balance sheets. At December 31 Current Year Prior Year Furniture $ 145,500 $ 202,500 Accumulated depreciation-Furniture (93,200) (115,200) The current year income statement reports depreciation expense on furniture of $22,500. During the year, furniture costing $57,000 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. Answer is not complete. Furniture Beginning balance Sale of assets 44,500 Current year depreciation Ending Balance 115,200 22,500 93,200 Accumulated Depreciation Beginning balance Ending Balance 0 Cost Accumulated depreciation Book value (Cash received) $ 0