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part 2

Required information The following information applies to the questions displayed below.) The plant assets section of the comparative balance sheets of Anders Company is reported below. 2020 ANDERS COMPANY Comparative Year-End Balance Sheets 2021 Plant assets Equipment $ 285,000 Accumulated depreciation-Equipment (142,000) Equipment, net $ 143,000 Buildings $ 485,000 Accumulated depreciation--Buildings (163,000) Buildings, net $ 322,000 $ 375,000 (252,000) $ 123,000 $ 505,000 (348,000) $ 157,000 During 2021, equipment with a book value of $61,000 and an original cost of $210,000 was sold at a loss of $7,200. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021? 3. What was the cost of new equipment purchased by Anders during 2021? w 1. Cash received from the sale of equipment 2. Depreciation expense 3. Purchase of equipment 27 Pirt 2012 5.8 port Required information The following information applies to the questions displayed below) The plant assets section of the comparative balance sheets of Anders Company is reported below ANDERS COMPANY Comparative Year-End Balance Sheets 2021 2020 Plant assets Equipment $285,000 $375,000 Accumulated depreciation Equipent (142,00) (252,000) Equipment, net $ 143,000 $ 123,000 Buildings 5.485,000 $ 305,000 Accumulated depreciation-buildings 163, eco (348,000) Buildings.net $ 322,000 5 157.000 20 During 2021, a building with a book value of $91,000 and an original cost of $405.000 was sold at a gain of $81,000 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2021? 3. What was the cost of buildings purchased by Anders during 2021? 1. Cash received from the sale of building 2. Dupreciation expense Purchase of building