During 2020, Teal Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Teal for a lump sum of $149,625 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 Lounge chairs Armchairs Straight chairs No. of Chairs 1,000 750 1,750 Estimated Selling Price Each $90 80 50 During 2020, Teal sells 500 lounge chairs, 250 armchairs, and 300 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 0 decimal places, e.g. 5,845.) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit