Sovod Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in 2018 RUBRD LUMAN Comparative Balance Sheets 2019 Plant assets Equipment $ 260,000 Accumulated depreciation-Equipmen (132,000) Equipment, net $ 128,000 Buildings $ 460,000 Accumulated depreciation-Buildings (148,000) Buildings, net $ 312,000 2 $ 350,000 (242,000 $ 108,000 $ 480,000 (333,000) $ 147,000 During 2019, equipment with a book value of $56,000 and an original cost of $290,000 was sold at a loss of $6,200. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2019? 3. What was the cost of new equipment purchased by Anders during 2019? Answer is complete but not entirely correct. 1. $ 49,800 $ 124.000 $ 90,000 X Cash received from the sale of equipment Depreciation expense Purchase of equipment 2. 3. 20 7 8