During 2020, Blue Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Blue for a lump sum of $125,685 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		840		$90
Armchairs		630		80
Straight chairs		1,470		50

During 2020, Blue sells 420 lounge chairs, 210 armchairs, and 252 straight chairs. What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straight chairs on December 31, 2020?