please help me CRUZ, INCORPORATEDIncome StatementFor Year Ended December 31, 2021$ 454,900292,800162, 10083,00035,00044, 10016,000$ 28,100SalesCost of gooda soldGross profitOperating expenses (excluding depreciation)Depreciation expenseIncome before taxesIncome taxen expenseNet incomeFurniture costing $68,200 is sold at its book value in 2021. Acquisitions of furniture total $53,700 cash, on which no depreciation isnecessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received from the sale offurniture.FurnitureBeginning balanceEnding balanceAccumulated DepreciationBeginning balanceEnding balance QS 16-13 (Algo) Computing cash from asset sales LO P3CRUZ, INCORPORATEDComparative Balance SheetsAt December 3120212020Assets$ 89,00038,200৪0, 000$ 22,10046,90088,0004,000CashAccounts receivable, netInventoryPrepaid expenses4,900212,100Total current assets161,000Furniture98,800113,300(8,600)$ 265,700Accumulated depreciation-Furniture(15,300)$ 295,600Total assetsLiabilities and EquityAccounts payableWages payableIncome taxes payable$ 13,9008,2001,40023,50028,90052,400$ 19,6004,6002,60026,80069,00095,800Total current liabilitiesNotes payable (long-term)Total liabilitiesEquityCommon stock, $5 par valueRetained earnings215,00028,200$ 295,600169,100800Total liabilities and equity$ 265,700CRUZ, INCORPORATEDIncome StatementFor Year Ended December 31, 2021SalesCost of goods soldGross profitOperating expenses (excluding depreciation)Depreciation expense$ 454,900292,800162,100৪3, 0০০35,000

Please Step 2 for the General Ledger accounts as required.

Furniture costing S68,200 is sold at its book value in 2021. Acquisitions of furniture total $53,700 cash, on which no depreciation necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received from the sale of furniture. Furniture Beginning balance Ending balance Accumulated Depreciation Beginning balance Ending balance