During 2020, Sheffield Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sheffield for a lump sum of $65,835 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 Price Each Type Lounge chairs Armchairs Straight chairs No. of Chairs 440 330 770 $90 80 50 During 2020, Sheffield sells 220 lounge chairs, 110 armchairs, and 132 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? (Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to O decimal places, eg. 5,845.) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs 104500 65835