During the current year, Acme Company recognized $58,600 of…
During the current year, Acme Company recognized $58,600 of depreciation expense, acquired $223,000 of new equipment, and sold old equipment at a gain of $2,800. In addition, the balance of the Property, Plant and Equipment account increased by $9,400 and the balance of the Accumulated Depreciation account increased by $7,600. How much cash did Acme receive from the sale of the old equipment?