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Required Information Use the following information for the Quick Study below. (Algo) [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 Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 300,000 (148,000) $ 152,000 QS 16-10 (Algo) Computing Investing cash flows LO P3 1. Cash received from the sale of equipment 2. Depreciation expense 3. Purchase of equipment $ 500,000 (172,000) $ 328,000 S 56,200 2020 During 2021, equipment with a book value of $64,000 and an original cost of $225,000 was sold at a loss of $7,800. 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? $ 390,000 (258,000) $ 132,000 $ 520,000 (357,000) $ 163,000

Requlred Information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. QS 16-10 (Algo) Computing investing cash flows LO P3 During 2021, equipment with a book vaiue of $64,000 and an original cost of $225,000 was soid at a loss of $7,800. 1. How much cash did Anders recelve from the sale of equipment? 2. How much depreclation expense was recorded on equipment duling 2021 ? 3. Winat was the cost of new equipnent purchased by Anders during 2021

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