During 2020, Cheyenne Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Cheyenne for a lump sum of $89,775 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. Estimated Selling No. of Chairs Price Each Lounge chairs 600 $90 Armchairs 450 80 Straight chairs 1,050 50 During 2020, Cheyenne sells 300 lounge chairs, 150 armchairs, and 180 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? (Do not round relative sales price. Round cost per chair to 2 decimal places, eg. 78.25 and final answer to O decimal places, e.g. 5,845.) Gross profit realized during 2020 Amount of inventory of unsold straight chairs