The following selected information is from Ellerby Company's comparative balance sheets

At December 31 2017 2016

Furniture $153,000 $212,500

Accumulated depreciation-Furniture 95,700 117,700

The income statement reports depreciation expense for the year of $25,000.

Also, furniture costing $59,500 was sold for its book value on December 31, 2017

Complete the general ledger accounts to calculate the cash received from the sale of furniture

c

explanation:

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!