During 2017, Flint Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Flint for a lump sum of $54,900 because 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 300 $90 Armchairs 300 80 Straight chairs 800 50

During 2017, Flint sells 150 lounge chairs, 120 armchairs, and 110 straight chairs. What is the amount of gross profit realized during 2017? What is the amount of inventory of unsold straight chairs on December 31, 2017?(Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to 0 decimal places, e.g. 5,845.)

Gross profit realized during 2017 $ [Entry field with incorrect answer now contains modified data] Amount of inventory of unsold straight chairs $ [Entry field with incorrect answer now contains modified data]