HW Assignment Saved ANDERS COMPANY Comparative Balance Sheets 2817 2816 Plant assets $ 360,eee (246,0ee) $ 114,000 $ 270,000 (136,000) Equipment Accum. Depr.-Equipment Equipment, net $ 134,000 $ 490,eee (339,000) $ 151,eee $ 470,000 (154,000) $ 316,000 Buildings Accum. Depr.-Buildings Buildings, net QS 16-5 Indirect: Computing investing cash flows LO P2 During 2017, equipment with a book value of $58,000 and an original cost of $300,000 was sold at a loss of $6,600. 1. How much cash did Anders receive from the sale of equipment? Cash received from the sale of equipment 51,400 2. How much depreciation expense was recorded on equipment during 2017? $ 114,000 Depreciation expense 3. What was the cost of new equipment purchased by Anders during 2017? $ 270.000 Purchase of equipment