Return to question 4. QS 12-8 Computing cash from asset sales LO P3 1 pois The following information is from Ellerby Company's comparative balance sheets, At December 31 Current Year Prior Year Furniture 5132,000 $184,500 Accumulated depreciation Furniture 188,700) (110,700) The current-year income statement reports depreciation expertise on furniture of $18,000. During the year, furniture costing $52.500 was sold for its book value on December 31 Current Year Complete the general ledger accounts to calculate cash received from the sale of furniture, Answer is not complete. Furniture 212.500 Bel 59,500 End, 153.000 ME GEW RE 30 00 # 3 % 5 & 7 2 8 9 W E R. T P Y ab 4 > Answer is not complete. Beg. bal. Furniture 212,500 1 points 59,500 End, bal 153,000 Accumulated Depreciation Beg, bal 117.700 X 26.000 3 95,700 143.700 End, bal $ Cost Accumulated depreciation Book value (Cash received) 59,500 48,000 $ 11.500 Me Graw Hill esc 80 GOO FS