Complex sentence: The company declared bankruptcy in 1913 and was sold to the Midland Chair & Seating Company, within three years, (1916), the company and manufacturing facilities were sold off to S. Karpen Brothers for $88,549.
Split into simpler sentences: The company declared bankruptcy in 1913 and was sold to the Midland Chair & Seating Company. Within three years, (1916), the company and manufacturing facilities were sold off to S. Karpen Brothers for $88,549.