The following information is from ellerby company’s comparative balance sheets. at december 31 current year prior year furniture $ 150,000 $ 208,500 accumulated depreciation—furniture (94,700 ) (116,700 ) the current year income statement reports depreciation expense on furniture of $24,000. during the year, furniture costing $58,500 was sold for its book value on december 31, current year. complete the general ledger accounts to calculate cash received from the sale of furniture.

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?