OS 12-1 (Algo) Classifying transactions by activity LO C1 Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. QS \\( 12-8 \\) (Algo) Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreclation expense on furniture of \\( \\$ 25,000 \\). During the year, furniture costing \\( \\$ 59,500 \\) was sold for its book value on December 31, Current Year. Complete the general ledger accounts to calculate cash recelved from the sale of furniture