Required information Use the following information for the Quick Study below. The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2017 2016 Plant assets Equipment locum. Depr.-Equipment Equipment, net Buildings Noun. Depr.-Buildings Buildings, net $ 180,000 (100,000) $ 80,000 $ 380,000 100,000). $ 280,000 $ 270,000 (210,000) $ 60,000 $400,000 (285,000) $ 115,000 QS 16-5 Indirect: Computing investing cash flows LO P2 During 2017, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. 1. How much cash did Anders receive from the sale of equipment? Cash received from the sale of equipment QS 16-5 Indirect: Computing investing cash flows LO P2 During 2017, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3.000. 1. How much cash did Anders receive from the sale of equipment? Cash received from the sale of equipment 2. How much depreciation expense was recorded on equipment during 2017 Depreciation expense 3. What was the cost of new equipment purchased by Anders during 2017? Purchase of equipment