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During 2 0 2 5 , Bonita Furniture Company purchases a carload of wicker chairs. The panufacturer sells the chairs to Bonita for a lump

During 2025, Bonita Furniture Company purchases a carload of wicker chairs. The panufacturer sells the chairs to Bonita for a lump sum of $83,790 because it is discontinuing manufacturing operations and wishes to wispose of its entire stock. Three types of chairs are included in the carload. The three types and the estimated selling price for each are listed below.
\table[[Type,No. of Chairs,\table[[Estimated Selling],[Price Each]]],[\table[[Lounge chairs],[Armchairs]],560,$90
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