(LO3) (Relative Sales Value Method) During 2017, Action Toys Company purchases a warehouse of Toys. The manufacturer sells the Toys to Discount Toys for a lump sum of $227,560, because it is discontinuing manufacturing oper- ations and wishes to dispose of its entire stock. Four types of toys are included in the warehous. The four types and the estimated selling price for each are listed below. No, of Chairs 200 Estimated Selling Price Each $150 Remote Control Cars Game Consoles Drones Robots 400 150 325 $700 S350 S125 During 2017, Discount Toys sells 125 Remote Control Cars, 273 Game Consoles, 87 Drones and 314 Robts. Instructions What is the amount of gross profit realized during 2017? What is the amount of inventory of unsold toys on December 31, 2017