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QS 12-7 Computing cash from asset sales LO P3 The following selected information is from Ellerby Company's comperative balance sheets At Furniture Accumulated depreciation-Furniture $136,580 198,500 (90,200) (112,200) The income statement reports depreciation expense for the year of $19,500. Also, furniture costing $54,000 was sold for its book value on December 31, 2017 Complete the general ledger accounts to calculate the cash received from the sale of furniture Beg bal 190.500 End bal Accumulated Depreciation Beg bal End bal Cost Accumulated depreciation Book value (Cash received) S 54,000 S 54,000