During 2017, Concord Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Concord for a lump sum of $55,700because it is discontinuing manufacturing operations and wishes to dispose 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.

Type	No. of Chairs	Estimated Selling Price Each
Lounge chairs	400	$90
Armchairs	300	80
Straight chairs	600	50

During 2017, Concord sells100lounge chairs,100armchairs, and130straight chairs.

Gross profit realized during 2017?	$
Amount of inventory of unsold straight chairs?