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The plant assets section of the comparative balance sheets of Anders Company is reported below....

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Accounting

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The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 215,88e 3e5,e8e (114,8) 224,888) s 181,888 81,8e 415,8e 435,88e (121,8) 386.eae 294,8e 129,88e During 2018, equipment with a book value of $47,000 and an original cost of $245,000 was sold at a loss of $4,400. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2018? 3. What was the cost of new equipment purchased by Anders during 2018? 1. Cash received from the sale of equipment 2. Depreciation expense 3. Purchase of equipment

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