Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below The plant assets section of the comparative balance sheets of Anders Company is reported below. rative Balance Sheets 2017 2016 Equipment Accum. Depr.-Equipment Equipment, net Buildings Accum. Depr.-Buildings Buildings, net s 285,000 375,000 (142,000) (252,000) $ 485,000-05,0 (163,000) (348,000) 9 322,000 157,000 QS 12-5 Indirect: Computing investing cash flows LO P2 During 2017, 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? 53,800 Cash received from the sale of equipment 2. How much depreciation expense was recorded on equipment during 2017? reciation expense 3. What was the cost of new equipment purchased by Anders during 2017? Purchase of equipment 3 4 of 11 l: Ne K Prev Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below The plant assets section of the comparative balance sheets of Anders Company is reported below. 2017 2016 Equipment 285,000 375,000 (142,000) (252,000) s 143,000 123,000 485,000 505,00 Buildings Accum. Depr.-Buildings(163,000) (348,000) Buildings, net 322,000 157,000 QS 12-6 Indirect: Computing investing cash flows LO P2 During 2017, 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 20177 3. What was the cost of buildings purchased by Anders during 2017? 2. Depreciation expense 3. Purchase of building