Exercise 9-10 During 2020, Sheridan Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sheridan for a lump sum of $173,565 because it's 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 selig price for each are listed below. Estimated Selling Type No. of Chairs Price Lach Lounge chairs 1.160 $90 Armchairs 870 30 Straight chairs 2,030 50 During 2020, Sheridan selis 580 lounge chairs, 290 armchairs, and 348 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, 20207 (Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to o decimal places, ... 5,845.) Gross profit realized during 2020 Amount of inventory of unsold straight chairs LINK TO TEXT LRTO VIDEO Question Attempts: 0 of 5 used SAVI FOR LATER SUMIT